CFO4Life Group LLC Takes $521,000 Position in Core Scientific, Inc. $CORZ

CFO4Life Group LLC acquired a new position in Core Scientific, Inc. (NASDAQ:CORZ) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 29,037 shares of the company’s stock, valued at approximately $521,000.

Several other hedge funds have also recently added to or reduced their stakes in CORZ. Vanguard Group Inc. lifted its holdings in shares of Core Scientific by 5.0% in the third quarter. Vanguard Group Inc. now owns 28,600,610 shares of the company’s stock valued at $513,095,000 after purchasing an additional 1,351,395 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Core Scientific during the 3rd quarter worth approximately $386,000. Alpine Associates Management Inc. purchased a new stake in Core Scientific in the 3rd quarter valued at approximately $9,824,000. Westbourne Investments Inc. acquired a new stake in Core Scientific during the 3rd quarter valued at $885,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Core Scientific during the 3rd quarter valued at $3,141,000.

Analyst Ratings Changes

CORZ has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Core Scientific from $19.00 to $25.00 and gave the company a “moderate buy” rating in a research report on Tuesday, January 27th. Zacks Research raised shares of Core Scientific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein boosted their price objective on shares of Core Scientific from $17.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. UBS Group set a $30.00 target price on shares of Core Scientific in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.21.

Core Scientific Stock Up 0.2%

CORZ stock opened at $17.27 on Thursday. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 115.14 and a beta of 6.86. The business has a fifty day simple moving average of $16.95 and a 200-day simple moving average of $16.76. Core Scientific, Inc. has a 52 week low of $6.20 and a 52 week high of $23.63.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.