4,704 Shares in Core Scientific, Inc. $CORZ Bought by IFP Advisors Inc

IFP Advisors Inc purchased a new position in Core Scientific, Inc. (NASDAQ:CORZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,704 shares of the company’s stock, valued at approximately $86,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Core Scientific by 6.2% in the first quarter. Vanguard Group Inc. now owns 20,578,100 shares of the company’s stock worth $148,985,000 after purchasing an additional 1,199,448 shares during the last quarter. Fred Alger Management LLC increased its position in Core Scientific by 46.7% in the first quarter. Fred Alger Management LLC now owns 6,473,552 shares of the company’s stock worth $46,869,000 after purchasing an additional 2,059,985 shares during the last quarter. Clearline Capital LP increased its position in Core Scientific by 157.8% in the first quarter. Clearline Capital LP now owns 5,403,963 shares of the company’s stock worth $39,125,000 after purchasing an additional 3,308,100 shares during the last quarter. Situational Awareness LP bought a new stake in Core Scientific in the first quarter worth $32,736,000. Finally, Vident Advisory LLC increased its position in Core Scientific by 11.5% in the first quarter. Vident Advisory LLC now owns 2,445,322 shares of the company’s stock worth $17,704,000 after purchasing an additional 253,097 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CORZ. Oppenheimer restated a “market perform” rating on shares of Core Scientific in a research report on Monday, July 7th. HC Wainwright reaffirmed a “neutral” rating on shares of Core Scientific in a research note on Monday, August 11th. BTIG Research lowered shares of Core Scientific from a “strong-buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research note on Monday, July 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, October 8th. Finally, Citizens Jmp lowered shares of Core Scientific from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.71.

Core Scientific Stock Down 3.4%

NASDAQ CORZ opened at $19.00 on Monday. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -33.93 and a beta of 6.58. Core Scientific, Inc. has a 52 week low of $6.20 and a 52 week high of $20.36. The company has a fifty day moving average of $15.99 and a two-hundred day moving average of $12.94.

Core Scientific (NASDAQ:CORZ) last issued its earnings results on Friday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $78.63 million for the quarter, compared to analysts’ expectations of $82.09 million. Core Scientific’s quarterly revenue was down 44.3% compared to the same quarter last year. Equities research analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current year.

Core Scientific Company Profile

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.