Nisa Investment Advisors LLC Has $80,000 Stake in Core Scientific, Inc. $CORZ

Nisa Investment Advisors LLC grew its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 192.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,662 shares of the company’s stock after purchasing an additional 3,067 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Core Scientific were worth $80,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CORZ. State of Wyoming acquired a new position in Core Scientific during the 1st quarter worth about $34,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Core Scientific in the 1st quarter valued at about $38,000. Bernard Wealth Management Corp. bought a new position in shares of Core Scientific in the second quarter worth about $51,000. CWM LLC lifted its position in shares of Core Scientific by 403.9% during the first quarter. CWM LLC now owns 8,092 shares of the company’s stock worth $59,000 after purchasing an additional 6,486 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Core Scientific by 23.7% during the first quarter. US Bancorp DE now owns 8,682 shares of the company’s stock valued at $63,000 after purchasing an additional 1,663 shares during the last quarter.

Core Scientific Trading Up 0.3%

NASDAQ:CORZ opened at $21.80 on Thursday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63. The stock has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $14.15. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 145.34 and a beta of 6.59.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Friday, October 24th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.39. The business had revenue of $81.10 million during the quarter, compared to analyst estimates of $107.18 million. Sell-side analysts forecast that Core Scientific, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

CORZ has been the subject of a number of research reports. Citigroup lowered shares of Core Scientific from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Jefferies Financial Group set a $24.00 target price on Core Scientific and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Arete Research raised Core Scientific to a “strong-buy” rating in a research note on Tuesday, July 22nd. HC Wainwright upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, October 28th. Finally, Macquarie upgraded shares of Core Scientific from a “hold” rating to an “outperform” rating and upped their target price for the company from $18.00 to $34.00 in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.39.

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.