D. E. Shaw & Co. Inc. Takes Position in TeraWulf Inc. (NASDAQ:WULF)

D. E. Shaw & Co. Inc. bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 591,626 shares of the company's stock, valued at approximately $3,349,000. D. E. Shaw & Co. Inc. owned 0.15% of TeraWulf at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC grew its position in TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after purchasing an additional 3,054 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of TeraWulf during the fourth quarter worth about $59,000. R Squared Ltd purchased a new position in shares of TeraWulf in the 4th quarter valued at approximately $61,000. ARS Investment Partners LLC grew its position in TeraWulf by 20.0% in the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock valued at $68,000 after buying an additional 2,000 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in TeraWulf in the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jones Trading began coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 target price for the company. Rosenblatt Securities cut their price target on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $7.86.

TeraWulf Trading Down 0.3%

NASDAQ:WULF traded down $0.01 on Wednesday, reaching $3.91. The stock had a trading volume of 72,308,812 shares, compared to its average volume of 30,186,115. TeraWulf Inc. has a 12-month low of $1.96 and a 12-month high of $9.30. The company has a 50-day moving average of $2.97 and a 200 day moving average of $4.85. The stock has a market cap of $1.50 billion, a P/E ratio of -11.85 and a beta of 3.00.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its 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 firm had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 million. The company's revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

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.