Savant Capital LLC Takes $238,000 Position in Core Scientific, Inc. $CORZ

Savant Capital LLC bought a new stake in Core Scientific, Inc. (NASDAQ:CORZ) during the second quarter, HoldingsChannel reports. The firm bought 13,925 shares of the company’s stock, valued at approximately $238,000.

Several other large investors have also recently bought and sold shares of CORZ. Bernard Wealth Management Corp. bought a new position in Core Scientific in the second quarter valued at approximately $51,000. Farther Finance Advisors LLC bought a new position in shares of Core Scientific in the second quarter valued at $65,000. Nisa Investment Advisors LLC grew its stake in shares of Core Scientific by 192.3% in the second quarter. Nisa Investment Advisors LLC now owns 4,662 shares of the company’s stock valued at $80,000 after buying an additional 3,067 shares in the last quarter. IFP Advisors Inc acquired a new position in Core Scientific during the second quarter worth $86,000. Finally, State of Wyoming bought a new stake in Core Scientific during the first quarter worth $34,000.

Insiders Place Their Bets

In other news, Director Eric Stanton Weiss acquired 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director directly owned 226,687 shares of the company’s stock, valued at approximately $4,873,770.50. This represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Roth Capital reissued a “buy” rating on shares of Core Scientific in a research report on Friday, October 31st. UBS Group set a $30.00 target price on shares of Core Scientific in a research note on Wednesday, October 22nd. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, October 22nd. Jefferies Financial Group set a $24.00 price objective on Core Scientific and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Craig Hallum set a $27.00 target price on Core Scientific in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.39.

Core Scientific Stock Down 0.3%

Core Scientific stock opened at $15.39 on Thursday. The company’s 50-day moving average price is $18.11 and its two-hundred day moving average price is $14.79. The stock has a market cap of $4.77 billion, a P/E ratio of 102.61 and a beta of 6.59. Core Scientific, Inc. has a twelve month low of $6.20 and a twelve month high of $23.63.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.39. The firm had revenue of $81.10 million during the quarter, compared to analyst estimates of $107.18 million. Equities analysts anticipate that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal 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.