Voya Investment Management LLC Has $346,000 Position in Core Scientific, Inc. $CORZ

Voya Investment Management LLC lessened its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,848 shares of the company’s stock after selling 5,792 shares during the period. Voya Investment Management LLC’s holdings in Core Scientific were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers lifted its position in Core Scientific by 1.6% during the 1st quarter. Rhumbline Advisers now owns 257,142 shares of the company’s stock worth $1,862,000 after acquiring an additional 4,171 shares during the last quarter. Anson Funds Management LP acquired a new position in Core Scientific during the 1st quarter worth $689,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Core Scientific by 180.9% during the 1st 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 acquiring an additional 714,388 shares during the last quarter. Arete Wealth Advisors LLC lifted its position in Core Scientific by 39.1% during the 1st quarter. Arete Wealth Advisors LLC now owns 22,942 shares of the company’s stock worth $166,000 after acquiring an additional 6,453 shares during the last quarter. Finally, Clearline Capital LP lifted its position in Core Scientific by 157.8% during the 1st quarter. Clearline Capital LP now owns 5,403,963 shares of the company’s stock worth $39,125,000 after acquiring an additional 3,308,100 shares during the last quarter.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $16.85 on Monday. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $18.63. The firm has a market capitalization of $5.15 billion, a P/E ratio of -30.09 and a beta of 6.59. The company’s 50 day simple moving average is $14.58 and its 200 day simple moving average is $11.88.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Friday, August 8th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $78.63 million during the quarter, compared to analyst estimates of $82.09 million. The company’s revenue was down 44.3% compared to the same quarter last year. Sell-side analysts expect that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CORZ. Jefferies Financial Group boosted their price objective on shares of Core Scientific from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 18th. JMP Securities restated a “market perform” rating on shares of Core Scientific in a report on Tuesday, August 12th. Citizens Jmp downgraded shares of Core Scientific from a “strong-buy” rating to a “hold” rating in a report on Monday, July 14th. Needham & Company LLC downgraded shares of Core Scientific from a “moderate buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a report on Thursday, July 10th. Finally, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Core Scientific in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.53.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.