NBC Securities Inc. Makes New Investment in TeraWulf Inc. (NASDAQ:WULF)

NBC Securities Inc. acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 111,890 shares of the company's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WULF. CoreCap Advisors LLC lifted its stake 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 in the last quarter. Forum Financial Management LP acquired a new position in TeraWulf during the fourth quarter worth approximately $68,000. Rafferty Asset Management LLC acquired a new position in shares of TeraWulf in the 4th quarter valued at $69,000. KBC Group NV increased its position in TeraWulf by 49.3% in the 4th quarter. KBC Group NV now owns 12,349 shares of the company's stock valued at $70,000 after acquiring an additional 4,077 shares during the period. Finally, Florida Financial Advisors LLC acquired a new position in shares of TeraWulf in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Performance

Shares of WULF stock traded up $0.52 during trading on Friday, hitting $4.35. The company had a trading volume of 47,191,086 shares, compared to its average volume of 31,209,186. The firm has a market capitalization of $1.67 billion, a P/E ratio of -13.18 and a beta of 3.09. The stock's 50-day moving average price is $3.16 and its 200 day moving average price is $4.55. TeraWulf Inc. has a one year low of $2.06 and a one year high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 company had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf's revenue for the quarter was down 18.9% on a year-over-year basis. On average, research analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WULF has been the topic of a number of research reports. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price objective on the stock in a research note on Thursday, May 22nd. Jones Trading started coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 target price on the stock. 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. Finally, JMP Securities assumed coverage on TeraWulf in a research note on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price objective on the stock. One 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 company's stock. Based on data from MarketBeat.com, the stock presently 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.