Ensign Peak Advisors Inc Purchases Shares of 91,900 TeraWulf Inc. (NASDAQ:WULF)

Ensign Peak Advisors Inc acquired a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 91,900 shares of the company's stock, valued at approximately $520,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ARS Investment Partners LLC grew its stake 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 acquiring an additional 2,000 shares during the period. Truist Financial Corp lifted its holdings in 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 purchasing an additional 2,500 shares during the last quarter. CoreCap Advisors LLC boosted its position in TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after purchasing an additional 3,054 shares during the period. Xponance Inc. increased 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 worth $108,000 after purchasing an additional 3,545 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of TeraWulf by 4.8% in the fourth quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock valued at $446,000 after purchasing an additional 3,628 shares during the period. 62.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WULF. Rosenblatt Securities reduced their price objective on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Jones Trading started coverage on TeraWulf in a research report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $7.86.

TeraWulf Stock Down 2.0%

Shares of NASDAQ WULF traded down $0.08 during mid-day trading on Tuesday, reaching $3.92. 45,820,335 shares of the company were exchanged, compared to its average volume of 29,900,052. TeraWulf Inc. has a 52 week low of $1.91 and a 52 week high of $9.30. The company's 50 day moving average price is $2.94 and its 200 day moving average price is $4.86. The stock has a market capitalization of $1.51 billion, a PE ratio of -11.88 and a beta of 3.00.

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