14,240 Shares in Core Scientific, Inc. $CORZ Acquired by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC acquired 14,240 shares of Core Scientific, Inc. ($CORZ), valued at approximately $243,000, in the second quarter of 2023.
• Analysts have a mixed outlook on CORZ, with target prices ranging from $15.00 to $22.00 and a consensus rating of "Hold."
• Core Scientific's stock performance has shown volatility, with a 52-week low of $6.20 and a high of $19.31, currently opening at $18.52.

Kingswood Wealth Advisors LLC acquired a new position in Core Scientific, Inc. (NASDAQ:CORZ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,240 shares of the company's stock, valued at approximately $243,000.

Other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in Core Scientific in the 1st quarter worth approximately $34,000. Emerald Mutual Fund Advisers Trust purchased a new position in Core Scientific in the 1st quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Core Scientific in the 1st quarter worth approximately $50,000. CWM LLC raised its holdings in Core Scientific by 403.9% in the 1st quarter. CWM LLC now owns 8,092 shares of the company's stock worth $59,000 after acquiring an additional 6,486 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Core Scientific by 1,722.3% in the 1st quarter. GAMMA Investing LLC now owns 8,565 shares of the company's stock worth $62,000 after acquiring an additional 8,095 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CORZ. Macquarie boosted 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, September 29th. Roth Mkm reiterated a "buy" rating and set a $20.00 target price on shares of Core Scientific in a research note on Thursday, June 26th. Jefferies Financial Group boosted their target price on shares of Core Scientific from $16.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, August 18th. BTIG Research lowered shares of Core Scientific from a "strong-buy" rating to a "hold" rating and set a $20.00 target price for the company. in a research note on Monday, July 7th. Finally, Roth Capital decreased their target price on shares of Core Scientific from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.71.

Core Scientific Stock Performance

Shares of Core Scientific stock opened at $18.52 on Friday. The company has a market capitalization of $5.69 billion, a P/E ratio of -33.07 and a beta of 6.58. The company has a fifty day moving average of $15.47 and a 200 day moving average of $12.50. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $19.31.

Core Scientific (NASDAQ:CORZ - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate 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 firm's quarterly revenue was down 44.3% on a year-over-year basis. Analysts forecast that Core Scientific, Inc. will post 0.52 EPS for the current year.

About Core Scientific

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.

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