Dimensional Fund Advisors LP Purchases 955,795 Shares of TeraWulf Inc. (NASDAQ:WULF)

Dimensional Fund Advisors LP raised its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,369,381 shares of the company's stock after acquiring an additional 955,795 shares during the period. Dimensional Fund Advisors LP owned approximately 1.39% of TeraWulf worth $30,387,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new position in TeraWulf in the 4th quarter valued at $32,000. Perigon Wealth Management LLC bought a new stake in shares of TeraWulf in the fourth quarter valued at about $59,000. R Squared Ltd acquired a new position in shares of TeraWulf in the fourth quarter valued at about $61,000. ARS Investment Partners LLC increased its position in 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 acquiring an additional 2,000 shares during the period. Finally, Forum Financial Management LP acquired a new stake in TeraWulf in the 4th quarter worth about $68,000. Institutional investors own 62.49% of the company's stock.

Wall Street Analysts Forecast Growth

WULF has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. Rosenblatt Securities dropped their price objective on TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Jones Trading started coverage on TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 target price for the company. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $7.86.

TeraWulf Price Performance

Shares of WULF stock traded down $0.29 on Friday, hitting $3.01. 40,632,208 shares of the company's stock were exchanged, compared to its average volume of 29,117,840. TeraWulf Inc. has a 12 month low of $1.91 and a 12 month high of $9.30. The company has a 50 day moving average of $2.90 and a 200 day moving average of $5.02. The stock has a market cap of $1.15 billion, a P/E ratio of -15.05 and a beta of 3.00.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The company had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 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 down 18.9% on a year-over-year basis. Sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

TeraWulf Company 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.