505,870 Shares in Core Scientific, Inc. $CORZ Acquired by Azora Capital LP

Azora Capital LP bought a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 505,870 shares of the company’s stock, valued at approximately $8,635,000. Azora Capital LP owned about 0.17% of Core Scientific at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Soviero Asset Management LP acquired a new position in Core Scientific in the second quarter valued at $4,780,000. State Street Corp increased its position in Core Scientific by 23.2% in the 2nd quarter. State Street Corp now owns 6,517,898 shares of the company’s stock valued at $111,261,000 after acquiring an additional 1,225,351 shares during the period. WINTON GROUP Ltd raised its stake in Core Scientific by 9.3% during the 2nd quarter. WINTON GROUP Ltd now owns 146,588 shares of the company’s stock valued at $2,502,000 after acquiring an additional 12,501 shares during the last quarter. Ardmore Road Asset Management LP acquired a new stake in Core Scientific during the 2nd quarter worth approximately $17,070,000. Finally, Helix Partners Management LP grew its stake in shares of Core Scientific by 0.5% in the 2nd quarter. Helix Partners Management LP now owns 6,029,222 shares of the company’s stock valued at $102,919,000 after purchasing an additional 29,222 shares during the last quarter.

Insider Buying and Selling at Core Scientific

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 purchased at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director directly owned 226,687 shares of the company’s stock, valued at approximately $4,873,770.50. This trade represents a 2.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CORZ. Compass Point initiated coverage on shares of Core Scientific in a research note on Monday, September 15th. They issued a “buy” rating for the company. Cantor Fitzgerald raised their price objective on shares of Core Scientific from $18.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. HC Wainwright raised Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, October 28th. Roth Capital restated a “buy” rating on shares of Core Scientific in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Core Scientific currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.39.

Core Scientific Stock Performance

Shares of CORZ stock opened at $17.49 on Wednesday. The stock has a fifty day moving average price of $18.02 and a 200 day moving average price of $15.44. The stock has a market cap of $5.42 billion, a PE ratio of 116.61 and a beta of 6.77. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Friday, October 24th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts predict that Core Scientific, Inc. will post 0.52 earnings per share for the current year.

Core Scientific Company 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.