Westbourne Investments Inc. Invests $885,000 in Core Scientific, Inc. $CORZ

Westbourne Investments Inc. bought a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,354 shares of the company’s stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. HHM Wealth Advisors LLC boosted its stake in Core Scientific by 96.5% during the second quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after buying an additional 946 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after acquiring an additional 1,066 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Core Scientific by 68.3% in the 2nd 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 during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Core Scientific by 396.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after purchasing an additional 2,980 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Core Scientific by 61.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after purchasing an additional 1,507 shares during the last quarter.

Core Scientific Stock Performance

Shares of NASDAQ:CORZ opened at $18.13 on Wednesday. The firm has a market cap of $5.62 billion, a PE ratio of 120.87 and a beta of 6.86. The firm’s 50 day simple moving average is $16.90 and its 200-day simple moving average is $16.60. Core Scientific, Inc. has a one year low of $6.20 and a one year high of $23.63.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CORZ. Sanford C. Bernstein increased their price objective on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Roth Mkm reaffirmed a “buy” rating on shares of Core Scientific in a research note on Friday, October 31st. UBS Group set a $30.00 price target on Core Scientific in a report on Wednesday, October 22nd. Craig Hallum set a $27.00 price target on Core Scientific in a research note on Friday, October 31st. Finally, B. Riley Financial raised Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.69.

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.