Wellington Management Group LLP Purchases 1,115,228 Shares of TeraWulf Inc. (NASDAQ:WULF)

Wellington Management Group LLP boosted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 1,760.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,178,593 shares of the company's stock after purchasing an additional 1,115,228 shares during the quarter. Wellington Management Group LLP owned about 0.31% of TeraWulf worth $6,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake 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 acquiring an additional 1,408 shares during the last quarter. ARS Investment Partners LLC increased its holdings in shares of TeraWulf by 20.0% during the 4th 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 raised its position in shares of TeraWulf by 5.0% during the fourth quarter. Truist Financial Corp now owns 52,500 shares of the company's stock valued at $297,000 after buying an additional 2,500 shares during the last quarter. Xponance Inc. lifted its stake in shares of TeraWulf by 22.7% in the fourth quarter. Xponance Inc. now owns 19,156 shares of the company's stock valued at $108,000 after buying an additional 3,545 shares during the period. Finally, KBC Group NV grew its position in TeraWulf by 49.3% during the fourth quarter. KBC Group NV now owns 12,349 shares of the company's stock worth $70,000 after buying an additional 4,077 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

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TeraWulf Stock Down 8.5 %

NASDAQ:WULF traded down $0.21 on Tuesday, reaching $2.26. The stock had a trading volume of 21,204,246 shares, compared to its average volume of 27,559,358. The company has a market capitalization of $865.63 million, a P/E ratio of -11.30 and a beta of 2.76. TeraWulf Inc. has a 1-year low of $1.82 and a 1-year high of $9.30. The stock has a fifty day moving average price of $3.50 and a 200-day moving average price of $5.25.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly 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 business had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business's revenue was up 50.2% on a year-over-year basis. Sell-side analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WULF has been the subject of several recent research reports. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. B. Riley upped their target price on TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Needham & Company LLC reiterated a "buy" rating and set a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. Finally, Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, TeraWulf presently has an average rating of "Buy" and an average target price 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.