Universal Beteiligungs und Servicegesellschaft mbH Trims Holdings in TeraWulf Inc. (NASDAQ:WULF)

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 50.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 665,962 shares of the company's stock after selling 675,292 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of TeraWulf worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of WULF. Calamos Advisors LLC acquired a new stake in TeraWulf in the 1st quarter valued at approximately $33,000. Platform Technology Partners bought a new stake in shares of TeraWulf during the first quarter valued at approximately $39,000. Kraematon Investment Advisors Inc. acquired a new position in shares of TeraWulf in the first quarter valued at $42,000. Regatta Capital Group LLC acquired a new position in shares of TeraWulf in the first quarter valued at $42,000. Finally, CoreCap Advisors LLC raised its position in TeraWulf by 67.9% in 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. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Trading Down 7.8%

Shares of NASDAQ:WULF traded down $0.40 during trading on Friday, reaching $4.76. The stock had a trading volume of 30,968,723 shares, compared to its average volume of 45,579,628. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $9.30. The firm's fifty day moving average is $4.50 and its 200 day moving average is $4.01. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 3.03.

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 analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The firm had revenue of $34.41 million for the quarter, compared to analysts' expectations of $45.72 million. The firm's revenue was down 18.9% on a year-over-year basis. On average, equities research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WULF shares. JMP Securities started coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price target for the company. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research report on Thursday, May 22nd. Finally, Rosenblatt Securities raised their price objective on shares of TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $8.06.

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.