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

RFG Advisory LLC bought a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,188 shares of the company's stock, valued at approximately $290,000.

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

TeraWulf Stock Down 2.4%

Shares of WULF traded down $0.11 during mid-day trading on Wednesday, reaching $4.41. 45,826,019 shares of the stock traded hands, compared to its average volume of 31,415,789. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -13.36 and a beta of 3.09. The stock has a fifty day simple moving average of $3.27 and a 200 day simple moving average of $4.50. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $9.30.

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 for the quarter, compared to analysts' expectations of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company's quarterly revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Rosenblatt Securities cut their price target on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Jones Trading assumed coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target on the stock in a report on Thursday, May 22nd. Finally, JMP Securities assumed 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TeraWulf currently has an average rating of "Buy" and a consensus target price of $7.67.

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.