Voya Investment Management LLC Has $8.48 Million Position in Core Scientific, Inc. $CORZ

Voya Investment Management LLC lessened its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 40.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,816 shares of the company’s stock after selling 318,276 shares during the period. Voya Investment Management LLC owned 0.15% of Core Scientific worth $8,482,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC increased its stake in shares of Core Scientific by 96.5% in the 2nd 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 during the period. State of Wyoming bought a new position in Core Scientific in the first quarter valued at about $34,000. Osaic Holdings Inc. boosted its holdings in Core Scientific by 112.1% in the second 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 last quarter. Advisors Asset Management Inc. increased its position in 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 purchasing an additional 1,092 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in Core Scientific in the second quarter worth about $51,000.

Core Scientific Stock Performance

Shares of NASDAQ CORZ opened at $15.49 on Wednesday. Core Scientific, Inc. has a 52-week low of $6.20 and a 52-week high of $23.63. The stock has a market cap of $4.80 billion, a P/E ratio of 103.27 and a beta of 6.77. The firm has a 50 day moving average price of $17.52 and a 200 day moving average price of $15.74.

Core Scientific (NASDAQ:CORZ) last posted its earnings results on Friday, October 24th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.85) by $0.39. The firm had revenue of $81.10 million during the quarter, compared to analyst estimates of $107.18 million. Analysts predict that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Core Scientific news, Director Eric Stanton Weiss bought 5,000 shares of Core Scientific stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the completion of the acquisition, the director owned 226,687 shares in the company, valued at approximately $4,873,770.50. The trade was a 2.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group set a $24.00 target price on shares of Core Scientific and gave the company a “buy” rating in a research report on Tuesday, October 28th. Citizens Jmp raised shares of Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Thursday, December 18th. Citigroup raised 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 target price on shares of Core Scientific in a report on Friday, October 31st. Finally, Macquarie raised Core Scientific from a “hold” rating to an “outperform” rating and increased their price target for the company from $18.00 to $34.00 in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.18.

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.