Thoroughbred Financial Services LLC grew its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 167.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 127,000 shares of the company's stock after acquiring an additional 79,600 shares during the quarter. Thoroughbred Financial Services LLC's holdings in TeraWulf were worth $346,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Soros Fund Management LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at about $8,632,000. Wellington Management Group LLP increased its holdings in shares of TeraWulf by 1,760.0% in the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock valued at $6,671,000 after acquiring an additional 1,115,228 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of TeraWulf in the 4th quarter valued at about $24,371,000. Metavasi Capital LP acquired a new stake in shares of TeraWulf in the 4th quarter valued at about $1,132,000. Finally, Cetera Investment Advisers boosted its position in shares of TeraWulf by 421.9% in the 4th quarter. Cetera Investment Advisers now owns 100,366 shares of the company's stock valued at $568,000 after purchasing an additional 81,134 shares during the period. Hedge funds and other institutional investors own 62.49% of the company's stock.
TeraWulf Stock Down 4.1%
TeraWulf stock opened at $4.94 on Friday. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $9.30. The stock has a 50 day moving average of $4.61 and a two-hundred day moving average of $3.97. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 3.03. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -14.97 and a beta of 3.17.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. As a group, research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Rosenblatt Securities upped their target price on TeraWulf from $4.50 to $6.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research report on Thursday, May 22nd. Finally, JMP Securities assumed coverage on TeraWulf in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 target price for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $8.06.
Read Our Latest Stock Analysis on TeraWulf
About TeraWulf
(
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.
Further Reading
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