Baader Bank Aktiengesellschaft Makes New Investment in Core Scientific, Inc. $CORZ

Baader Bank Aktiengesellschaft bought a new position in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the third quarter, according to its most recent filing with the SEC. The fund bought 175,138 shares of the company’s stock, valued at approximately $3,141,000. Baader Bank Aktiengesellschaft owned 0.06% of Core Scientific at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings 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 last quarter. Osaic Holdings Inc. grew its position in shares of Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after acquiring an additional 1,066 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Core Scientific by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after purchasing an additional 1,092 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Core Scientific by 396.8% in 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. 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 purchasing an additional 1,507 shares during the last quarter.

Core Scientific Stock Down 2.3%

CORZ stock opened at $18.13 on Wednesday. The stock has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $16.60. Core Scientific, Inc. has a twelve month low of $6.20 and a twelve month high of $23.63. The firm has a market capitalization of $5.62 billion, a PE ratio of 120.87 and a beta of 6.86.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CORZ shares. HC Wainwright raised Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, October 28th. Citigroup raised Core Scientific from a “market perform” rating to an “outperform” rating in a report on Thursday, December 18th. Cantor Fitzgerald boosted their price objective on Core Scientific from $18.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Core Scientific in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein lifted their target price on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.69.

Core Scientific Profile

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.