Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in TeraWulf Inc. (NASDAQ:WULF)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,341,254 shares of the company's stock, valued at approximately $7,591,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.35% of TeraWulf as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Forum Financial Management LP purchased a new position in shares of TeraWulf during the fourth quarter valued at approximately $68,000. GTS Securities LLC grew its holdings in shares of TeraWulf by 140,206.7% in the fourth quarter. GTS Securities LLC now owns 21,046 shares of the company's stock worth $119,000 after acquiring an additional 21,031 shares during the period. Gordian Capital Singapore Pte Ltd increased its stake in shares of TeraWulf by 30.6% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 36,000 shares of the company's stock worth $204,000 after purchasing an additional 8,441 shares in the last quarter. Castleark Management LLC purchased a new position in TeraWulf during the fourth quarter valued at approximately $1,709,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TeraWulf by 20.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 569,275 shares of the company's stock worth $3,222,000 after purchasing an additional 95,860 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Stock Up 12.2%

Shares of TeraWulf stock traded up $0.46 during trading on Wednesday, hitting $4.24. 58,279,557 shares of the company were exchanged, compared to its average volume of 31,046,396. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -12.85 and a beta of 3.00. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $9.30. The firm has a 50 day moving average price of $3.11 and a 200 day moving average price of $4.60.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced 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). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The company had revenue of $34.41 million for the quarter, compared to analysts' expectations of $45.72 million. TeraWulf's revenue was down 18.9% on a year-over-year basis. Analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

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