Ensign Peak Advisors Inc Invests $520,000 in TeraWulf Inc. (NASDAQ:WULF)

Ensign Peak Advisors Inc purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 91,900 shares of the company's stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WULF. ARS Investment Partners LLC lifted its holdings in shares of TeraWulf by 20.0% in the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock valued at $68,000 after buying an additional 2,000 shares during the period. Truist Financial Corp lifted its holdings in TeraWulf by 5.0% in the 4th quarter. Truist Financial Corp now owns 52,500 shares of the company's stock valued at $297,000 after acquiring an additional 2,500 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after purchasing an additional 3,054 shares in the last quarter. Xponance Inc. boosted its position in shares of TeraWulf by 22.7% during the 4th quarter. Xponance Inc. now owns 19,156 shares of the company's stock valued at $108,000 after purchasing an additional 3,545 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of TeraWulf by 4.8% in the 4th quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock worth $446,000 after purchasing an additional 3,628 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WULF has been the subject of several recent research reports. JMP Securities initiated coverage on shares of TeraWulf in a research note on Thursday. They set a "market outperform" rating and a $7.00 target price for the company. Citizens Jmp started coverage on TeraWulf in a report on Thursday. They issued an "outperform" rating and a $7.00 price target on the stock. Jones Trading assumed coverage on TeraWulf in a research note on Monday, March 31st. They set a "buy" rating and a $4.00 price objective for the company. Finally, Rosenblatt Securities cut their target price on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $7.67.

TeraWulf Price Performance

Shares of WULF stock traded up $0.07 on Thursday, hitting $3.98. The company's stock had a trading volume of 18,524,973 shares, compared to its average volume of 30,154,797. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -12.09 and a beta of 3.00. TeraWulf Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $9.30. The firm's fifty day moving average price is $2.97 and its 200-day moving average price is $4.85.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 million. The business's quarterly revenue was down 18.9% on a year-over-year basis. 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.