TeraWulf Inc. (NASDAQ:WULF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 569,275 shares of the company's stock after purchasing an additional 95,860 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of TeraWulf worth $3,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in shares of TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after acquiring an additional 3,054 shares during the period. Forum Financial Management LP purchased a new position in TeraWulf during the fourth quarter worth about $68,000. Rafferty Asset Management LLC acquired a new stake in TeraWulf in the fourth quarter valued at about $69,000. KBC Group NV lifted its position in TeraWulf by 49.3% in the fourth quarter. KBC Group NV now owns 12,349 shares of the company's stock valued at $70,000 after purchasing an additional 4,077 shares during the period. Finally, Florida Financial Advisors LLC purchased a new stake in shares of TeraWulf in the fourth quarter valued at approximately $73,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Stock Up 13.6%

Shares of NASDAQ:WULF traded up $0.52 during trading on Friday, reaching $4.35. The stock had a trading volume of 47,191,086 shares, compared to its average volume of 31,208,631. The stock has a market cap of $1.67 billion, a P/E ratio of -13.18 and a beta of 3.09. The business has a fifty day moving average price of $3.13 and a 200-day moving average price of $4.57. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last released 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 net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $34.41 million during the quarter, compared to analyst estimates of $45.72 million. The company's quarterly revenue was down 18.9% compared to the same quarter last year. As a group, equities analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WULF. Rosenblatt Securities lowered their price target on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Monday, May 12th. JMP Securities began coverage on TeraWulf in a research note on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 price target for the company. Citizens Jmp upgraded shares of 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, Jones Trading initiated coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $7.67.

About TeraWulf

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.