UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.22 Million Stock Position in TeraWulf Inc. (NASDAQ:WULF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 20.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 569,275 shares of the company's stock after acquiring an additional 95,860 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of TeraWulf worth $3,222,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WULF. Barclays PLC lifted its position in shares of TeraWulf by 419.7% in the 3rd 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 lifted its holdings in shares of 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 in the last quarter. Apollon Wealth Management LLC boosted its position in shares of TeraWulf by 20.5% in the fourth quarter. Apollon Wealth Management LLC now owns 26,612 shares of the company's stock worth $151,000 after buying an additional 4,529 shares during the period. Van ECK Associates Corp grew its holdings in shares of TeraWulf by 74.2% during the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock valued at $26,964,000 after buying an additional 2,028,383 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in TeraWulf by 30.0% during the fourth quarter. Vontobel Holding Ltd. now owns 52,784 shares of the company's stock valued at $299,000 after buying an additional 12,172 shares during the period. 62.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

TeraWulf Stock Up 4.1%

WULF traded up $0.18 during trading on Monday, hitting $4.53. The company had a trading volume of 53,041,699 shares, compared to its average volume of 31,291,285. The company has a market capitalization of $1.74 billion, a PE ratio of -13.73 and a beta of 3.09. TeraWulf Inc. has a one year low of $2.06 and a one year high of $9.30. The firm's 50-day moving average price is $3.16 and its 200 day moving average price is $4.52.

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 the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. The firm's quarterly revenue was down 18.9% compared to the same quarter last year. Sell-side analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.