TeraWulf Inc. (NASDAQ:WULF) Stock Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,469,948 shares of the company's stock after purchasing an additional 105,997 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of TeraWulf worth $13,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton purchased a new position in shares of TeraWulf in the fourth quarter valued at $32,000. FMR LLC lifted its holdings 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 buying an additional 1,408 shares in the last quarter. KBC Group NV purchased a new position in TeraWulf in the 3rd quarter valued at about $39,000. Hodges Capital Management Inc. acquired a new stake in shares of TeraWulf during the third quarter valued at about $47,000. Finally, Stifel Financial Corp purchased a new stake in shares of TeraWulf during the third quarter worth about $47,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Performance

Shares of NASDAQ WULF traded up $0.27 during midday trading on Monday, hitting $3.47. The company's stock had a trading volume of 40,741,652 shares, compared to its average volume of 26,492,337. TeraWulf Inc. has a 1-year low of $1.82 and a 1-year high of $9.30. The firm's fifty day moving average price is $4.47 and its 200-day moving average price is $5.47. The firm has a market cap of $1.33 billion, a P/E ratio of -17.35 and a beta of 2.70.

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TeraWulf (NASDAQ:WULF - Get Free Report) last issued 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). The company had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business's quarterly revenue was up 50.2% compared to the same quarter last year. As a group, research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

WULF has been the subject of a number of recent analyst reports. Northland Securities restated an "outperform" rating and set a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. Rosenblatt Securities reiterated a "buy" rating and set a $10.00 price objective on shares of TeraWulf in a research note on Monday, March 3rd. Finally, B. Riley upped their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, TeraWulf currently has an average rating of "Buy" and an average price target of $9.50.

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.