Lee Danner & Bass Inc. Makes New $343,000 Investment in Core Scientific, Inc. $CORZ

Lee Danner & Bass Inc. acquired a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,099 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in Core Scientific during the first quarter worth $34,000. Emerald Mutual Fund Advisers Trust acquired a new position in Core Scientific during the first quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Core Scientific during the first quarter worth $50,000. Bernard Wealth Management Corp. acquired a new position in Core Scientific during the second quarter worth $51,000. Finally, CWM LLC raised its stake in 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 acquiring an additional 6,486 shares in the last quarter.

Analyst Upgrades and Downgrades

CORZ has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on Core Scientific from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Citigroup cut Core Scientific from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. B. Riley upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday. Roth Capital upgraded Core Scientific from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $23.50 in a report on Thursday. Finally, Citizens Jmp cut Core Scientific from a “strong-buy” rating to a “hold” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.69.

Core Scientific Stock Performance

Shares of Core Scientific stock opened at $19.34 on Friday. The business’s 50 day simple moving average is $16.42 and its 200 day simple moving average is $13.27. Core Scientific, Inc. has a 52-week low of $6.20 and a 52-week high of $20.36. The firm has a market cap of $5.94 billion, a PE ratio of -34.54 and a beta of 6.58.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings results on Friday, October 24th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.85) by $0.39. As a group, equities research analysts predict that Core Scientific, Inc. will post 0.52 EPS for the current year.

About Core Scientific

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.