Core Scientific, Inc. $CORZ Stock Position Increased by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 1,596.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 685,570 shares of the company’s stock after acquiring an additional 645,165 shares during the quarter. Boothbay Fund Management LLC owned 0.22% of Core Scientific worth $12,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Core Scientific by 106.1% during the first quarter. AQR Capital Management LLC now owns 283,432 shares of the company’s stock valued at $2,052,000 after purchasing an additional 145,905 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Core Scientific by 180.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,109,387 shares of the company’s stock worth $8,032,000 after buying an additional 714,388 shares in the last quarter. Savant Capital LLC acquired a new position in Core Scientific in the second quarter worth approximately $238,000. Prospera Financial Services Inc bought a new position in shares of Core Scientific in the second quarter valued at $252,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Core Scientific by 16.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,318 shares of the company’s stock valued at $347,000 after buying an additional 2,925 shares in the last quarter.

Core Scientific Stock Up 1.5%

Shares of CORZ opened at $16.49 on Friday. The company’s fifty day moving average is $17.38 and its 200-day moving average is $17.05. Core Scientific, Inc. has a 12 month low of $6.20 and a 12 month high of $23.63. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 14.09 and a beta of 6.87.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.69. The company had revenue of $79.76 million during the quarter, compared to the consensus estimate of $118.45 million. During the same period in the previous year, the business posted ($0.69) earnings per share. The firm’s revenue was down 16.0% on a year-over-year basis. As a group, research analysts predict that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a report on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their price target on Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a research note on Tuesday, January 27th. Canaccord Genuity Group boosted their price objective on Core Scientific from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, January 6th. Finally, HC Wainwright restated a “buy” rating and issued a $25.00 price target on shares of Core Scientific in a research report on Tuesday, March 3rd. 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 company’s stock. Based on data from MarketBeat, Core Scientific has a consensus rating of “Moderate Buy” and an average 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.