106,188 Shares in TeraWulf Inc. (NASDAQ:WULF) Purchased by RFG Advisory LLC

RFG Advisory LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 106,188 shares of the company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in TeraWulf by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after purchasing an additional 105,997 shares during the last quarter. Soros Fund Management LLC purchased a new stake in shares of TeraWulf during the 4th quarter valued at $8,632,000. Wellington Management Group LLP increased its holdings in shares of TeraWulf by 1,760.0% during the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock worth $6,671,000 after buying an additional 1,115,228 shares during the last quarter. Barclays PLC raised its position in shares of TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company's stock worth $1,989,000 after buying an additional 343,016 shares during the period. Finally, BIT Capital GmbH raised its position in shares of TeraWulf by 169.4% in the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock worth $22,503,000 after buying an additional 2,499,865 shares during the period. Hedge funds and other institutional investors own 62.49% of the company's stock.

TeraWulf Trading Up 13.6%

WULF opened at $4.35 on Friday. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $9.30. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -13.18 and a beta of 3.09. The company has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $4.53.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data 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). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. TeraWulf's quarterly revenue was down 18.9% on a year-over-year basis. On average, analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Rosenblatt Securities dropped their price target on TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday, May 12th. JMP Securities started coverage on shares of TeraWulf in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price target on the stock. Jones Trading initiated coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price target on the stock. Finally, Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $7.67.

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.

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