Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,341,254 shares of the company's stock, valued at approximately $7,591,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.35% of TeraWulf as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Forum Financial Management LP bought a new stake in TeraWulf during the 4th quarter valued at $68,000. GTS Securities LLC raised its holdings in shares of TeraWulf by 140,206.7% during the fourth quarter. GTS Securities LLC now owns 21,046 shares of the company's stock valued at $119,000 after acquiring an additional 21,031 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its holdings in 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 bought a new position in TeraWulf in the 4th quarter worth $1,709,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TeraWulf by 20.2% in the 4th 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 institutional investors.
Analysts Set New Price Targets
A number of research firms have recently weighed in on WULF. Jones Trading began coverage on shares of TeraWulf in a research report on Monday, March 31st. They issued a "buy" rating and a $4.00 target price on the stock. JMP Securities initiated coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 target price on the stock. Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities cut 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. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $7.67.
Check Out Our Latest Stock Analysis on WULF
TeraWulf Price Performance
Shares of WULF stock traded up $0.19 during mid-day trading on Tuesday, hitting $3.80. The company had a trading volume of 39,844,882 shares, compared to its average volume of 30,905,049. TeraWulf Inc. has a 52-week low of $2.04 and a 52-week high of $9.30. The stock's 50 day moving average price is $3.07 and its 200-day moving average price is $4.60. The company has a market capitalization of $1.46 billion, a P/E ratio of -11.47 and a beta of 3.00.
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). The company had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. TeraWulf's revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.
TeraWulf Company Profile
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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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