Nuveen Asset Management LLC Purchases 76,840 Shares of TeraWulf Inc. (NASDAQ:WULF)

Nuveen Asset Management LLC raised its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 681,240 shares of the company's stock after purchasing an additional 76,840 shares during the quarter. Nuveen Asset Management LLC owned 0.18% of TeraWulf worth $3,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WULF. Barclays PLC raised its holdings in shares of TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after acquiring an additional 343,016 shares in the last quarter. KBC Group NV raised its holdings in TeraWulf by 49.3% in the fourth quarter. KBC Group NV now owns 12,349 shares of the company's stock worth $70,000 after purchasing an additional 4,077 shares in the last quarter. Perigon Wealth Management LLC bought a new position in TeraWulf in the fourth quarter worth $59,000. R Squared Ltd bought a new position in TeraWulf in the fourth quarter worth $61,000. Finally, Hodges Capital Management Inc. raised its holdings in TeraWulf by 100.0% in the fourth quarter. Hodges Capital Management Inc. now owns 20,000 shares of the company's stock worth $113,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 62.49% of the company's stock.

TeraWulf Trading Down 9.7%

Shares of NASDAQ WULF traded down $0.41 during trading hours on Thursday, hitting $3.83. 80,326,247 shares of the company traded hands, compared to its average volume of 31,234,283. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -11.61 and a beta of 3.09. The company's 50 day moving average price is $3.13 and its 200 day moving average price is $4.57. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $9.30.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on WULF. Jones Trading began coverage on TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective for the company. JMP Securities began coverage on TeraWulf in a report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price objective for the company. Rosenblatt Securities decreased their price objective on TeraWulf from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, 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. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.