40,100 Shares in Core Scientific, Inc. $CORZ Bought by GoalVest Advisory LLC

GoalVest Advisory LLC bought a new stake in Core Scientific, Inc. (NASDAQ:CORZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,100 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Core Scientific by 206.5% during the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after buying an additional 950 shares in the last quarter. IFP Advisors Inc increased its position in shares of Core Scientific by 42.5% in the third quarter. IFP Advisors Inc now owns 6,703 shares of the company’s stock valued at $120,000 after acquiring an additional 1,999 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of Core Scientific in the third quarter valued at about $235,000. CIBC Bancorp USA Inc. bought a new stake in Core Scientific during the third quarter worth about $544,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Core Scientific during the third quarter worth about $90,000.

Core Scientific Trading Up 0.8%

Shares of NASDAQ CORZ opened at $16.48 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of 14.09 and a beta of 6.87. Core Scientific, Inc. has a 12 month low of $6.20 and a 12 month high of $23.63. The stock has a 50 day moving average of $17.37 and a 200-day moving average of $17.09.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.69. The business had revenue of $79.76 million for the quarter, compared to analyst estimates of $118.45 million. During the same period in the prior year, the business earned ($0.69) EPS. The company’s revenue for the quarter was down 16.0% compared to the same quarter last year. Analysts predict that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CORZ has been the subject of a number of analyst reports. LADENBURG THALM/SH SH decreased their price target on Core Scientific from $24.50 to $23.75 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. BTIG Research raised Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their target price on shares of Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a report on Tuesday, January 27th. Canaccord Genuity Group upped their price target on shares of Core Scientific from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Core Scientific currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.84.

Core Scientific Profile

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.