Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in Core Scientific, Inc. $CORZ

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Core Scientific, Inc. (NASDAQ:CORZ) by 39.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,806 shares of the company’s stock after buying an additional 129,133 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of Core Scientific worth $8,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CORZ. Situational Awareness LP lifted its holdings in Core Scientific by 76.8% in the second quarter. Situational Awareness LP now owns 7,994,038 shares of the company’s stock valued at $136,458,000 after acquiring an additional 3,472,460 shares during the last quarter. Marshall Wace LLP raised its position in Core Scientific by 416.0% in the second quarter. Marshall Wace LLP now owns 3,098,737 shares of the company’s stock valued at $52,895,000 after purchasing an additional 2,498,186 shares during the period. 59 North Capital Management LP acquired a new position in shares of Core Scientific in the 2nd quarter valued at $35,990,000. Goodlander Investment Management LLC purchased a new position in shares of Core Scientific during the 2nd quarter worth $34,994,000. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Core Scientific during the 2nd quarter worth about $33,844,000.

Insider Transactions at Core Scientific

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

Analyst Upgrades and Downgrades

A number of research firms have commented on CORZ. Sanford C. Bernstein upped their target price on shares of Core Scientific from $17.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Jefferies Financial Group set a $24.00 price objective on shares of Core Scientific and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Citigroup upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating in a report on Thursday, December 18th. Zacks Research raised Core Scientific from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, HC Wainwright upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Core Scientific Stock Up 3.9%

Shares of CORZ opened at $18.79 on Monday. The company has a market cap of $5.83 billion, a P/E ratio of 125.28 and a beta of 6.87. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $23.63. The firm’s 50 day moving average price is $16.37 and its 200 day moving average price is $16.22.

Core Scientific (NASDAQ:CORZ) last posted its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping 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. Research analysts forecast that Core Scientific, Inc. will post 0.52 earnings per share for the current year.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.