Cetera Investment Advisers Increases Position in TeraWulf Inc. (NASDAQ:WULF)

Cetera Investment Advisers boosted its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 421.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,366 shares of the company's stock after purchasing an additional 81,134 shares during the period. Cetera Investment Advisers' holdings in TeraWulf were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BW Gestao de Investimentos Ltda. acquired a new stake in TeraWulf in the fourth quarter valued at $213,000. BNP Paribas Financial Markets acquired a new stake in TeraWulf during the 4th quarter worth about $961,000. Ameriprise Financial Inc. grew its holdings in TeraWulf by 33.5% during the 4th quarter. Ameriprise Financial Inc. now owns 137,884 shares of the company's stock worth $780,000 after acquiring an additional 34,609 shares during the period. Algert Global LLC grew its holdings in TeraWulf by 326.2% during the 4th quarter. Algert Global LLC now owns 97,350 shares of the company's stock worth $551,000 after acquiring an additional 74,506 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in TeraWulf during the 4th quarter worth about $10,970,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Performance

WULF traded down $0.09 during midday trading on Friday, reaching $3.56. 28,159,356 shares of the company were exchanged, compared to its average volume of 30,746,517. The company's fifty day moving average price is $3.05 and its 200 day moving average price is $4.70. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -10.80 and a beta of 3.00. TeraWulf Inc. has a one year low of $2.04 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 analysts' consensus estimates of ($0.07) by ($0.09). The company had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf's quarterly revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a report on Thursday, May 22nd. Jones Trading assumed coverage on TeraWulf in a report on Monday, March 31st. They set a "buy" rating and a $4.00 price target for the company. Rosenblatt Securities decreased their price target on TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, JMP Securities assumed coverage on TeraWulf in a report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price target for the company. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, TeraWulf has a consensus rating of "Buy" and a consensus price target of $7.67.

About TeraWulf

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.