EAM Investors LLC Invests $2.51 Million in TeraWulf Inc. (NASDAQ:WULF)

EAM Investors LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 444,094 shares of the company's stock, valued at approximately $2,514,000. EAM Investors LLC owned about 0.12% of TeraWulf as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton purchased a new position in shares of TeraWulf in the fourth quarter worth about $32,000. FMR LLC lifted its stake in TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of TeraWulf in the third quarter valued at approximately $47,000. Perigon Wealth Management LLC acquired a new stake in shares of TeraWulf in the fourth quarter valued at approximately $59,000. Finally, R Squared Ltd acquired a new position in TeraWulf during the fourth quarter worth $61,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Performance

WULF stock traded up $0.43 during mid-day trading on Tuesday, reaching $2.68. The company had a trading volume of 28,515,735 shares, compared to its average volume of 27,828,954. TeraWulf Inc. has a fifty-two week low of $1.91 and a fifty-two week high of $9.30. The firm has a fifty day simple moving average of $3.23 and a 200 day simple moving average of $5.18. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -13.28 and a beta of 2.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million during the quarter, compared to analysts' expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. TeraWulf's revenue was up 50.2% compared to the same quarter last year. As a group, analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WULF shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. Rosenblatt Securities cut their price target on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods started coverage on TeraWulf in a research report on Wednesday, January 8th. They issued a "market perform" rating for the company. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $7.86.

About TeraWulf

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.