SBI Securities Co. Ltd. Acquires New Position in TeraWulf Inc. (NASDAQ:WULF)

SBI Securities Co. Ltd. purchased a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 174,560 shares of the company's stock, valued at approximately $988,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WULF. Rosenberg Matthew Hamilton purchased a new stake in TeraWulf in the 4th quarter worth about $32,000. FMR LLC raised its holdings in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after buying an additional 1,408 shares during the period. KBC Group NV bought a new stake in shares of TeraWulf during the 3rd quarter worth approximately $39,000. Hodges Capital Management Inc. purchased a new position in TeraWulf during the 3rd quarter valued at $47,000. Finally, Stifel Financial Corp purchased a new position in TeraWulf during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

TeraWulf Trading Up 7.1 %

Shares of WULF traded up $0.24 during trading hours on Friday, hitting $3.60. The company had a trading volume of 24,438,022 shares, compared to its average volume of 45,488,156. TeraWulf Inc. has a one year low of $1.57 and a one year high of $9.30. The company's fifty day moving average price is $5.06 and its two-hundred day moving average price is $5.56. The company has a market capitalization of $1.39 billion, a PE ratio of -18.00 and a beta of 2.70.

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

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WULF shares. B. Riley lifted their target price on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Northland Securities restated an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Rosenblatt Securities reaffirmed a "buy" rating and set a $10.00 target price on shares of TeraWulf in a research report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Finally, Atb Cap Markets raised TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, TeraWulf has an average rating of "Buy" and an average price target of $8.64.

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.