State of New Jersey Common Pension Fund D Takes $2.97 Million Position in Core Scientific, Inc. $CORZ

State of New Jersey Common Pension Fund D bought a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 173,910 shares of the company’s stock, valued at approximately $2,969,000. State of New Jersey Common Pension Fund D owned about 0.06% of Core Scientific at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CORZ. State of Wyoming purchased a new stake in shares of Core Scientific during the 1st quarter valued at $34,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Core Scientific during the 1st quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Core Scientific during the 1st quarter valued at $50,000. Bernard Wealth Management Corp. purchased a new stake in shares of Core Scientific during the 2nd quarter valued at $51,000. Finally, CWM LLC increased its position in shares of Core Scientific by 403.9% during the 1st quarter. CWM LLC now owns 8,092 shares of the company’s stock valued at $59,000 after purchasing an additional 6,486 shares during the last quarter.

Analyst Upgrades and Downgrades

CORZ has been the subject of several research analyst reports. BTIG Research lowered Core Scientific from a “strong-buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research report on Monday, July 7th. Arete began coverage on Core Scientific in a report on Tuesday, July 22nd. They issued a “buy” rating and a $20.00 price objective for the company. Barclays lowered Core Scientific to an “underweight” rating in a report on Tuesday, July 8th. Macquarie lifted their price objective on Core Scientific from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Finally, Jefferies Financial Group lifted their price objective on Core Scientific from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.69.

Core Scientific Stock Up 2.7%

Shares of NASDAQ CORZ opened at $19.87 on Tuesday. Core Scientific, Inc. has a 52 week low of $6.20 and a 52 week high of $20.36. The business has a 50-day simple moving average of $16.53 and a two-hundred day simple moving average of $13.44. The company has a market cap of $6.11 billion, a P/E ratio of 132.48 and a beta of 6.58.

Core Scientific (NASDAQ:CORZ) last issued its earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.39. The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $107.18 million. Equities research analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current year.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.