Toronto Dominion Bank purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,500 shares of the company's stock, valued at approximately $1,482,000.
A number of other large investors have also modified their holdings of the company. Red Door Wealth Management LLC raised its holdings in Core Scientific by 124.3% during the fourth quarter. Red Door Wealth Management LLC now owns 95,378 shares of the company's stock worth $1,340,000 after purchasing an additional 52,851 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Core Scientific by 27.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 629,329 shares of the company's stock valued at $8,842,000 after acquiring an additional 136,212 shares in the last quarter. Duncan Williams Asset Management LLC purchased a new stake in Core Scientific in the 4th quarter worth about $141,000. KBC Group NV acquired a new stake in shares of Core Scientific during the fourth quarter worth approximately $114,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Core Scientific in the 4th quarter worth approximately $421,000.
Core Scientific Trading Up 5.6%
Core Scientific stock traded up $0.60 during midday trading on Tuesday, reaching $11.28. The company's stock had a trading volume of 9,641,974 shares, compared to its average volume of 13,307,078. The business has a 50-day moving average price of $8.38 and a 200-day moving average price of $11.79. Core Scientific, Inc. has a 52 week low of $4.46 and a 52 week high of $18.63. The stock has a market cap of $3.36 billion, a PE ratio of -2.09 and a beta of 6.66.
Core Scientific (NASDAQ:CORZ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $79.53 million during the quarter, compared to the consensus estimate of $92.04 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Core Scientific's revenue for the quarter was down 55.6% compared to the same quarter last year. As a group, research analysts predict that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. JMP Securities started coverage on Core Scientific in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $15.00 price objective on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $17.00 price target on shares of Core Scientific in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $16.00 target price on shares of Core Scientific in a research report on Friday, May 16th. Citizens Jmp raised Core Scientific to a "strong-buy" rating and set a $15.00 price objective for the company in a report on Thursday, May 22nd. Finally, Oppenheimer initiated coverage on Core Scientific in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $15.00 price objective for the company. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $18.33.
Get Our Latest Research Report on Core Scientific
Insiders Place Their Bets
In other news, Director Todd A. Becker sold 134,250 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.75, for a total value of $1,443,187.50. Following the completion of the sale, the director now owns 195,687 shares in the company, valued at $2,103,635.25. This represents a 40.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jordan Levy purchased 62,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $8.01 per share, with a total value of $500,625.00. Following the completion of the transaction, the director now directly owns 306,887 shares of the company's stock, valued at $2,458,164.87. The trade was a 25.57% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company's stock.
Core Scientific Company Profile
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Free Report)
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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