Azora Capital LP Has $7.40 Million Stock Position in Core Scientific, Inc. $CORZ

Azora Capital LP lowered its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 18.5% during the third quarter, HoldingsChannel reports. The firm owned 412,402 shares of the company’s stock after selling 93,468 shares during the quarter. Azora Capital LP’s holdings in Core Scientific were worth $7,398,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. HHM Wealth Advisors LLC grew its stake in shares of Core Scientific by 96.5% in the second quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after buying an additional 946 shares in the last quarter. Osaic Holdings Inc. increased its holdings in 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 buying an additional 1,066 shares during the last quarter. Advisors Asset Management Inc. raised its position in Core Scientific by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after acquiring an additional 1,092 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Core Scientific by 396.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in 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 acquiring an additional 1,507 shares during the last quarter.

Core Scientific Price Performance

CORZ stock opened at $16.49 on Friday. Core Scientific, Inc. has a one year low of $6.20 and a one year high of $23.63. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 14.09 and a beta of 6.87. The company has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $17.05.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.69. The company had revenue of $79.76 million during the quarter, compared to the consensus estimate of $118.45 million. Core Scientific’s revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.69) earnings per share. Research analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Canaccord Genuity Group lifted their price objective on shares of Core Scientific from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. HC Wainwright reiterated a “buy” rating and issued a $25.00 target price on shares of Core Scientific in a research note on Tuesday, March 3rd. Needham & Company LLC upgraded Core Scientific from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods lifted their price target on Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a report on Tuesday, January 27th. Finally, Citizens Jmp raised Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.84.

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.