CFO4Life Group LLC Purchases Shares of 29,037 Core Scientific, Inc. $CORZ

CFO4Life Group LLC acquired a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the 3rd quarter, HoldingsChannel reports. The fund acquired 29,037 shares of the company’s stock, valued at approximately $521,000.

A number of other hedge funds have also made changes to their positions in CORZ. HHM Wealth Advisors LLC boosted 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 purchasing an additional 946 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Core Scientific by 112.1% during the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after purchasing an additional 1,066 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Core Scientific by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after buying an additional 1,092 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Core Scientific by 396.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after buying an additional 2,980 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Core Scientific by 61.9% in the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after buying an additional 1,507 shares in the last quarter.

Core Scientific Price Performance

NASDAQ CORZ opened at $17.27 on Thursday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 115.14 and a beta of 6.86. Core Scientific, Inc. has a 12 month low of $6.20 and a 12 month high of $23.63. The company’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $16.76.

Analysts Set New Price Targets

CORZ has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating on shares of Core Scientific in a report on Friday, October 31st. Citigroup upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Craig Hallum set a $27.00 price target on shares of Core Scientific in a research note on Friday, October 31st. HC Wainwright raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, October 28th. Finally, Sanford C. Bernstein lifted their target price on Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Core Scientific currently has an average rating of “Moderate Buy” and a consensus price target of $24.21.

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.