Azora Capital LP Has $7.40 Million Position in Core Scientific, Inc. $CORZ

Azora Capital LP cut its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 412,402 shares of the company’s stock after selling 93,468 shares during the quarter. Azora Capital LP owned about 0.13% of Core Scientific worth $7,398,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CORZ. HHM Wealth Advisors LLC raised its holdings in Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after buying an additional 946 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Core Scientific by 112.1% in the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after buying an additional 1,066 shares during the period. Advisors Asset Management Inc. increased its position in shares of Core Scientific by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after acquiring an additional 1,092 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Core Scientific by 396.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Core Scientific by 61.9% during the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock worth $67,000 after acquiring an additional 1,507 shares during the period.

Core Scientific Trading Up 1.5%

Shares of CORZ stock opened at $16.49 on Friday. The firm’s fifty day moving average price is $17.38 and its two-hundred day moving average price is $17.05. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63. The firm has a market capitalization of $5.20 billion, a P/E ratio of 14.09 and a beta of 6.87.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned ($0.69) earnings per share. The company’s quarterly revenue was down 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CORZ shares. BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, January 6th. Canaccord Genuity Group lifted their price target on Core Scientific from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Zacks Research upgraded Core Scientific from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup raised Core Scientific from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, Citizens Jmp upgraded Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.84.

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.