Core Scientific, Inc. $CORZ Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,928 shares of the company’s stock after purchasing an additional 24,053 shares during the period. Blair William & Co. IL’s holdings in Core Scientific were worth $5,205,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in shares of Core Scientific by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 11,967 shares of the company’s stock valued at $87,000 after purchasing an additional 1,256 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of Core Scientific by 17.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,391 shares of the company’s stock valued at $75,000 after acquiring an additional 1,567 shares in the last quarter. US Bancorp DE raised its position in shares of Core Scientific by 23.7% during the 1st quarter. US Bancorp DE now owns 8,682 shares of the company’s stock valued at $63,000 after acquiring an additional 1,663 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Core Scientific by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,393 shares of the company’s stock valued at $126,000 after acquiring an additional 1,746 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Core Scientific by 1.3% during the 1st quarter. Deutsche Bank AG now owns 167,100 shares of the company’s stock valued at $1,210,000 after acquiring an additional 2,068 shares in the last quarter.

Wall Street Analysts Forecast Growth

CORZ has been the topic of several research reports. Roth Mkm reissued a “buy” rating and set a $20.00 price target on shares of Core Scientific in a research report on Thursday, June 26th. Arete Research upgraded Core Scientific to a “strong-buy” rating in a research note on Tuesday, July 22nd. Roth Capital lowered their price objective on Core Scientific from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Needham & Company LLC downgraded Core Scientific from a “moderate buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research note on Thursday, July 10th. Finally, HC Wainwright restated a “neutral” rating on shares of Core Scientific in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.71.

Core Scientific Stock Performance

NASDAQ:CORZ opened at $18.52 on Monday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $19.31. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of -33.07 and a beta of 6.58. The business has a fifty day moving average of $15.47 and a 200-day moving average of $12.54.

Core Scientific (NASDAQ:CORZ) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $78.63 million during the quarter, compared to the consensus estimate of $82.09 million. Core Scientific’s revenue for the quarter was down 44.3% compared to the same quarter last year. On average, equities research analysts predict 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.