BNP Paribas Financial Markets Makes New $961,000 Investment in TeraWulf Inc. (NASDAQ:WULF)

BNP Paribas Financial Markets acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 169,722 shares of the company's stock, valued at approximately $961,000.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in TeraWulf by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock valued at $13,980,000 after purchasing an additional 105,997 shares in the last quarter. Soros Fund Management LLC acquired a new stake in TeraWulf in the 4th quarter valued at $8,632,000. Wellington Management Group LLP increased its holdings in TeraWulf by 1,760.0% in the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock valued at $6,671,000 after purchasing an additional 1,115,228 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in TeraWulf in the 4th quarter valued at $651,000. Finally, Barclays PLC increased its holdings in TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after purchasing an additional 343,016 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Performance

Shares of WULF stock traded down $0.16 during trading hours on Friday, hitting $3.93. 42,857,340 shares of the company were exchanged, compared to its average volume of 30,485,423. TeraWulf Inc. has a one year low of $1.96 and a one year high of $9.30. The business's 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $4.84. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -11.91 and a beta of 3.00.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. The firm's revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WULF has been the subject of several recent research reports. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a report on Thursday. Rosenblatt Securities decreased their price objective on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, May 12th. JMP Securities began coverage on shares of TeraWulf in a research report on Thursday. They issued a "market outperform" rating and a $7.00 price objective for the company. Finally, Jones Trading began coverage on shares of TeraWulf in a research report on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average 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.