Invesco Ltd. Boosts Stake in TeraWulf Inc. (NASDAQ:WULF)

Invesco Ltd. increased its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 583.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 849,708 shares of the company's stock after buying an additional 725,322 shares during the period. Invesco Ltd. owned 0.22% of TeraWulf worth $4,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BIT Capital GmbH boosted its holdings in shares of TeraWulf by 169.4% in the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock valued at $22,503,000 after purchasing an additional 2,499,865 shares during the period. Van ECK Associates Corp lifted its holdings in shares of TeraWulf by 74.2% in the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after buying an additional 2,028,383 shares during the period. Wellington Management Group LLP grew its position in shares of TeraWulf by 1,760.0% during the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock worth $6,671,000 after buying an additional 1,115,228 shares in the last quarter. Tidal Investments LLC increased its stake in shares of TeraWulf by 1,389.8% during the third quarter. Tidal Investments LLC now owns 868,692 shares of the company's stock valued at $4,065,000 after buying an additional 810,382 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of TeraWulf by 668.4% in the fourth quarter. JPMorgan Chase & Co. now owns 847,177 shares of the company's stock valued at $4,795,000 after acquiring an additional 736,926 shares in the last quarter. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Down 3.3 %

Shares of TeraWulf stock traded down $0.10 on Tuesday, reaching $2.92. 30,078,525 shares of the stock were exchanged, compared to its average volume of 28,435,744. TeraWulf Inc. has a twelve month low of $1.91 and a twelve month high of $9.30. The business has a 50 day moving average price of $3.04 and a two-hundred day moving average price of $5.14. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -14.60 and a beta of 2.76.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued 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 business had revenue of $35.00 million for the quarter, compared to analysts' expectations of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf's revenue was up 50.2% compared to the same quarter last year. Research analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on WULF shares. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a "market perform" rating for the company. Needham & Company LLC reissued a "buy" rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Jones Trading began coverage on TeraWulf in a research report on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Finally, Rosenblatt Securities lowered their price target on TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $7.86.

TeraWulf Profile

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.