Franklin Resources Inc. cut its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,921 shares of the company's stock after selling 139,298 shares during the quarter. Franklin Resources Inc. owned approximately 0.14% of TeraWulf worth $3,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its stake in TeraWulf by 12.9% in the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock worth $33,623,000 after acquiring an additional 820,354 shares during the period. State Street Corp grew its position in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company's stock worth $29,405,000 after buying an additional 227,186 shares during the period. Van ECK Associates Corp lifted its holdings in shares of TeraWulf by 74.2% during the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock valued at $26,964,000 after purchasing an additional 2,028,383 shares during the last quarter. BIT Capital GmbH boosted its holdings in TeraWulf by 169.4% in the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock worth $22,503,000 after acquiring an additional 2,499,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in TeraWulf by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after purchasing an additional 105,997 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company's stock.
TeraWulf Stock Performance
TeraWulf stock traded down $0.18 during trading hours on Tuesday, hitting $2.29. The company had a trading volume of 28,857,350 shares, compared to its average volume of 27,648,879. The company has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $5.23. The firm has a market cap of $877.12 million, a P/E ratio of -11.45 and a beta of 2.76. TeraWulf Inc. has a 1 year low of $1.82 and a 1 year high of $9.30.
TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm's revenue was up 50.2% on a year-over-year basis. As a group, equities research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have commented on WULF shares. Jones Trading began coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 target price for the company. B. Riley boosted their price target on TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Rosenblatt Securities cut their price target on TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods started coverage on TeraWulf in a report on Wednesday, January 8th. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, TeraWulf currently has an average rating of "Buy" and a consensus target price of $7.86.
View Our Latest Analysis on TeraWulf
About TeraWulf
(
Free Report)
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.
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