Ameritas Investment Partners Inc. Buys 9,540 Shares of Core Scientific, Inc. $CORZ

Ameritas Investment Partners Inc. lifted its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 51.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,198 shares of the company’s stock after buying an additional 9,540 shares during the period. Ameritas Investment Partners Inc.’s holdings in Core Scientific were worth $481,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CORZ. HHM Wealth Advisors LLC grew its position 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 acquiring an additional 946 shares during the last quarter. State of Wyoming acquired a new stake in shares of Core Scientific during the first quarter valued at about $34,000. Bernard Wealth Management Corp. bought a new stake in shares of Core Scientific during the second quarter worth about $51,000. CWM LLC raised its stake in shares of Core Scientific by 403.9% during the first quarter. CWM LLC now owns 8,092 shares of the company’s stock valued at $59,000 after acquiring an additional 6,486 shares during the last quarter. Finally, US Bancorp DE increased its position in Core Scientific by 23.7% during the 1st 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 period.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $16.97 on Friday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63. The stock has a market cap of $5.26 billion, a P/E ratio of 113.14 and a beta of 6.59. The firm has a 50-day moving average of $18.05 and a 200 day moving average of $15.11.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.39. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $107.18 million. Research analysts expect that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CORZ has been the subject of several research analyst reports. Macquarie raised shares of Core Scientific from a “hold” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $34.00 in a research note on Friday, October 31st. B. Riley raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, October 22nd. Zacks Research downgraded shares of Core Scientific from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Jefferies Financial Group set a $24.00 price target on shares of Core Scientific and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group set a $30.00 price objective on Core Scientific in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.39.

Insider Activity

In related news, Director Eric Stanton Weiss acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the purchase, the director owned 226,687 shares in the company, valued at $4,873,770.50. The trade was a 2.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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.