<div id="readability-page-1"><p>Core Scientific, Inc. (NASDAQ:CORZ - Get Free Report)'s share price fell 7% during mid-day trading on Friday . The stock traded as low as $13.90 and last traded at $14.0960. 4,873,239 shares were traded  during mid-day trading, a decline of 70% from the average session volume of 16,449,316 shares. The stock had previously closed at $15.16.</p><div><p><span></span><span>Get <strong>Core Scientific</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>CoreWeave: Why the New King of AI Infrastructure Has Room to Run</li></ul><p>A number of equities analysts have recently issued reports on the company. Jefferies Financial Group  set a $24.00 target price on Core Scientific and gave the stock a &#34;buy&#34; rating in a report on Tuesday, October 28th. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of Core Scientific in a research report on Wednesday, October 8th. Sanford C. Bernstein raised their price objective on shares of Core Scientific from $17.00 to $24.00 and gave the stock an &#34;outperform&#34; rating in a report on Monday, November 3rd. Macquarie raised Core Scientific from a &#34;hold&#34; rating to an &#34;outperform&#34; rating and boosted their target price for the stock from $18.00 to $34.00 in a report on Friday, October 31st. Finally, Craig Hallum  set a $27.00 price target on Core Scientific in a report on Friday, October 31st. One investment analyst  has rated the stock with a Strong Buy rating, twelve have issued  a Buy rating, seven have issued  a Hold rating and three have assigned  a Sell rating to the stock. Based on data from MarketBeat, Core Scientific presently has an average rating of &#34;Hold&#34; and an average target price of $22.39.</p><p><b>Check Out Our Latest Stock Analysis on Core Scientific</b></p><h2>Core Scientific Stock Down 2.5%</h2><ul><li>CoreWeave's $9 Billion Power Play for Core Scientific</li></ul><p>The firm has a fifty day moving average of $18.11 and a 200-day moving average of $14.79. The firm has a market cap of $4.59 billion, a P/E ratio of 98.59 and a beta of 6.59. </p><p>Core Scientific (NASDAQ:CORZ - Get Free Report) last posted its quarterly earnings results on Friday, October 24th. The company reported ($0.46) earnings per share for the quarter, beating analysts' consensus estimates of ($0.85) by $0.39. The company had revenue of $81.10 million during the quarter, compared to analyst estimates of $107.18 million.  Sell-side analysts anticipate that  Core Scientific, Inc. will post 0.52 EPS for the current year. </p><h2>Insider Activity at Core Scientific</h2><ul><li>3 Stocks With Near-Unanimous Buys That Could Rally Higher</li></ul><p>In related news, Director Eric Stanton Weiss acquired 5,000 shares of the company's stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $21.50 per share, with a total value of $107,500.00. Following the completion of the transaction, the director directly owned 226,687 shares of the company's stock, valued at $4,873,770.50. This trade represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own  1.40% of the company's stock. </p><h2>Institutional Investors Weigh In On Core Scientific</h2><p>Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of  Core Scientific by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 876,809 shares of the company's stock valued at $6,348,000 after acquiring an additional 42,732 shares in the last quarter.  Envestnet Asset Management Inc. grew its position in shares of  Core Scientific by 16.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 141,399 shares of the company's stock worth $1,024,000 after purchasing an additional 19,898 shares in the last quarter.  CWM LLC increased its holdings in shares of  Core Scientific by 403.9% during the first quarter. CWM LLC now owns 8,092 shares of the company's stock worth $59,000 after purchasing an additional 6,486 shares during the period.  Victory Capital Management Inc. raised its position in shares of  Core Scientific by 241.6% in the first quarter. Victory Capital Management Inc. now owns 102,098 shares of the company's stock valued at $739,000 after buying an additional 72,208 shares in the last quarter.  Finally, KLP Kapitalforvaltning AS boosted its stake in shares of  Core Scientific by 40.8% in the first quarter. KLP Kapitalforvaltning AS now owns 52,800 shares of the company's stock valued at $382,000 after buying an additional 15,300 shares during the period. </p><h2>About Core Scientific</h2> (Get Free Report)<p>Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Core Scientific</li><li>What does consumer price index measure? </li><li>Affirm Just Crushed Earnings—But Can It Outrun Klarna’s Scale?</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>4 High-Risk Growth Stocks Under $15 to Watch This Fall</li><li>The Role Economic Reports Play in a Successful Investment Strategy</li><li>Walmart Stock Surges After a Solid Q3—Stronger Growth Ahead</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Core Scientific Right Now?</h2><p>Before you consider Core Scientific, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Core Scientific wasn't on the list.</p><p>While Core Scientific currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CORZ

<p>Core Scientific (NASDAQ:CORZ) shares fell 7% during mid-day trading, with a significant drop in trading volume. Analysts have mixed ratings on the stock, with some setting higher target prices. The company recently reported better-than-expected earnings. Insider and institutional activities show increased holdings. Core Scientific provides digital asset mining services in North America.</p>

Core Scientific (NASDAQ:CORZ) Shares Down 7% - Time to Sell?