Charles Schwab Investment Management Inc. raised its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,469,948 shares of the company's stock after buying an additional 105,997 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of TeraWulf worth $13,980,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of WULF. FMR LLC boosted its position in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after buying an additional 1,408 shares during the period. ARS Investment Partners LLC boosted its holdings in shares of TeraWulf by 20.0% during the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock worth $68,000 after purchasing an additional 2,000 shares during the period. Truist Financial Corp grew its stake in shares of TeraWulf by 5.0% in the fourth quarter. Truist Financial Corp now owns 52,500 shares of the company's stock worth $297,000 after purchasing an additional 2,500 shares during the last quarter. KBC Group NV increased its holdings in TeraWulf by 49.3% during the 4th quarter. KBC Group NV now owns 12,349 shares of the company's stock valued at $70,000 after purchasing an additional 4,077 shares during the period. Finally, Victory Capital Management Inc. raised its position in TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company's stock valued at $163,000 after purchasing an additional 4,093 shares during the last quarter. 62.49% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a research note on Monday, January 6th. Northland Securities reiterated an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Needham & Company LLC reissued a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $10.00 target price on shares of TeraWulf in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, TeraWulf has an average rating of "Buy" and a consensus price target of $9.50.
Get Our Latest Stock Analysis on TeraWulf
TeraWulf Price Performance
TeraWulf stock traded down $0.19 during mid-day trading on Tuesday, reaching $3.28. 26,068,699 shares of the company traded hands, compared to its average volume of 26,492,325. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.40 and a beta of 2.70. TeraWulf Inc. has a fifty-two week low of $1.82 and a fifty-two week high of $9.30. The firm's fifty day moving average is $4.47 and its two-hundred day moving average is $5.47.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The business had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company's quarterly revenue was up 50.2% compared to the same quarter last year. As a group, equities research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.
TeraWulf Company Profile
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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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