AlphaQuest LLC Buys Shares of 55,150 Core Scientific, Inc. $CORZ

AlphaQuest LLC purchased a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the third quarter, HoldingsChannel reports. The institutional investor purchased 55,150 shares of the company’s stock, valued at approximately $989,000.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Core Scientific by 4.5% in the third quarter. Arizona State Retirement System now owns 85,373 shares of the company’s stock worth $1,532,000 after acquiring an additional 3,652 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in shares of Core Scientific by 46.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 26,637 shares of the company’s stock worth $478,000 after purchasing an additional 8,436 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Core Scientific in the third quarter valued at about $90,000. Phoenix Financial Ltd. raised its holdings in Core Scientific by 35.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 34,212 shares of the company’s stock valued at $614,000 after acquiring an additional 8,929 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Core Scientific by 87.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 668,435 shares of the company’s stock worth $11,992,000 after acquiring an additional 311,813 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CORZ. Jefferies Financial Group set a $24.00 price objective on Core Scientific and gave the company a “buy” rating in a research report on Tuesday, October 28th. Macquarie raised Core Scientific from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $34.00 in a report on Friday, October 31st. UBS Group set a $30.00 target price on Core Scientific in a report on Wednesday, October 22nd. 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 note on Thursday, December 18th. Finally, Craig Hallum set a $27.00 price objective on shares of Core Scientific in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.69.

Core Scientific Stock Down 0.7%

NASDAQ:CORZ opened at $17.87 on Tuesday. Core Scientific, Inc. has a 12-month low of $6.20 and a 12-month high of $23.63. The stock’s fifty day simple moving average is $16.81 and its 200-day simple moving average is $16.45. The firm has a market capitalization of $5.54 billion, a P/E ratio of 119.14 and a beta of 6.85.

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.