Wealth Enhancement Advisory Services LLC Sells 19,691 Shares of Core Scientific, Inc. $CORZ

Wealth Enhancement Advisory Services LLC lessened its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 17.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,190 shares of the company’s stock after selling 19,691 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Core Scientific were worth $1,659,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Core Scientific by 11.7% in the first quarter. Wellington Management Group LLP now owns 11,967 shares of the company’s stock valued at $87,000 after buying an additional 1,256 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Core Scientific by 17.8% in the first quarter. SBI Securities Co. Ltd. now owns 10,391 shares of the company’s stock valued at $75,000 after buying an additional 1,567 shares during the period. US Bancorp DE lifted its stake in shares of Core Scientific by 23.7% in the first quarter. US Bancorp DE now owns 8,682 shares of the company’s stock valued at $63,000 after buying an additional 1,663 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Core Scientific by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,393 shares of the company’s stock valued at $126,000 after buying an additional 1,746 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Core Scientific by 1.3% in the first quarter. Deutsche Bank AG now owns 167,100 shares of the company’s stock valued at $1,210,000 after buying an additional 2,068 shares during the period.

Core Scientific Trading Up 2.8%

NASDAQ:CORZ opened at $17.33 on Tuesday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $18.63. The firm has a 50 day moving average of $14.66 and a 200-day moving average of $11.94. The stock has a market capitalization of $5.29 billion, a P/E ratio of -30.95 and a beta of 6.59.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Macquarie increased their target price on shares of Core Scientific from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday. Compass Point initiated coverage on Core Scientific in a report on Monday, September 15th. They set a “buy” rating on the stock. BTIG Research downgraded Core Scientific from a “strong-buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Monday, July 7th. Roth Mkm reaffirmed a “buy” rating and set a $20.00 price objective on shares of Core Scientific in a report on Thursday, June 26th. Finally, Arete Research raised Core Scientific to a “strong-buy” rating in a report on Tuesday, July 22nd. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.71.

Core Scientific Profile

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.