CenterBook Partners LP lifted its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 106.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,170 shares of the company's stock after acquiring an additional 63,066 shares during the period. CenterBook Partners LP's holdings in TeraWulf were worth $334,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in TeraWulf by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after buying an additional 534,315 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of TeraWulf by 3.4% during the 4th quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock worth $72,070,000 after buying an additional 412,877 shares during the period. Geode Capital Management LLC lifted its position in shares of TeraWulf by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock worth $43,232,000 after buying an additional 453,429 shares during the period. Dimensional Fund Advisors LP raised its position in TeraWulf by 21.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock valued at $30,387,000 after purchasing an additional 955,795 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in TeraWulf in the 4th quarter valued at $24,371,000. 62.49% of the stock is owned by institutional investors.
TeraWulf Stock Down 3.1%
NASDAQ WULF traded down $0.17 during trading hours on Friday, hitting $5.20. 21,010,223 shares of the company traded hands, compared to its average volume of 33,934,321. The business's 50-day moving average is $4.21 and its 200-day moving average is $4.05. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $9.30. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -15.73 and a beta of 3.11.
TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The business's revenue for the quarter was down 18.9% compared to the same quarter last year. Sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JMP Securities started coverage on TeraWulf in a research note on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 target price for the company. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research note on Thursday, May 22nd. Finally, Jones Trading assumed coverage on TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $8.06.
Get Our Latest Analysis on TeraWulf
TeraWulf Profile
(
Free Report)
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.
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