Vanguard Group Inc. Grows Stock Holdings in Core Scientific, Inc. $CORZ

Vanguard Group Inc. lifted its position in Core Scientific, Inc. (NASDAQ:CORZ) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,600,610 shares of the company’s stock after buying an additional 1,351,395 shares during the quarter. Vanguard Group Inc. owned 0.09% of Core Scientific worth $513,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in Core Scientific in the 3rd quarter valued at about $386,000. Alpine Associates Management Inc. acquired a new position in shares of Core Scientific in the third quarter valued at approximately $9,824,000. Westbourne Investments Inc. purchased a new stake in Core Scientific during the 3rd quarter worth approximately $885,000. Baader Bank Aktiengesellschaft acquired a new stake in Core Scientific during the 3rd quarter worth approximately $3,141,000. Finally, ProShare Advisors LLC boosted its position in Core Scientific by 18.1% in the 3rd quarter. ProShare Advisors LLC now owns 68,684 shares of the company’s stock valued at $1,232,000 after buying an additional 10,535 shares during the period.

Core Scientific Stock Performance

CORZ opened at $18.03 on Thursday. Core Scientific, Inc. has a one year low of $6.20 and a one year high of $23.63. The stock has a market capitalization of $5.59 billion, a P/E ratio of 120.23 and a beta of 6.86. The business’s 50-day simple moving average is $17.17 and its 200-day simple moving average is $16.88.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CORZ. Keefe, Bruyette & Woods upped their price objective on Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a research report on Tuesday, January 27th. Zacks Research upgraded Core Scientific from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Craig Hallum set a $27.00 price objective on Core Scientific in a research note on Friday, October 31st. BTIG Research upgraded shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, January 6th. Finally, Citizens Jmp upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.47.

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.