Vanguard Group Inc. Has $65.19 Million Holdings in TeraWulf Inc. $WULF

Key Points

• Vanguard Group Inc. increased its stake in TeraWulf Inc. by 2.3%, purchasing an additional 534,315 shares, resulting in a total ownership of about 6.23%, valued at $65.19 million.
• Several hedge funds, including Driehaus Capital Management LLC and Dimensional Fund Advisors LP, also ramped up their holdings in TeraWulf, with institutional investors owning 62.49% of the stock.
• Analysts have varied views on TeraWulf, with price targets ranging from $11 to $15, and a consensus rating of "Buy," despite the company recently reporting a missing EPS estimate for its quarterly earnings.

Vanguard Group Inc. grew its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,880,134 shares of the company's stock after buying an additional 534,315 shares during the quarter. Vanguard Group Inc. owned about 6.23% of TeraWulf worth $65,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Thoroughbred Financial Services LLC increased its stake in shares of TeraWulf by 167.9% during the first quarter. Thoroughbred Financial Services LLC now owns 127,000 shares of the company's stock valued at $346,000 after acquiring an additional 79,600 shares during the period. AM Investment Strategies LLC bought a new position in TeraWulf during the 1st quarter valued at $78,000. Apollon Wealth Management LLC boosted its stake in TeraWulf by 18.5% during the first quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock valued at $86,000 after buying an additional 4,920 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in TeraWulf by 65.1% during the first quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company's stock worth $58,000 after acquiring an additional 8,392 shares during the period. Finally, New York State Common Retirement Fund raised its position in TeraWulf by 30.5% in the first quarter. New York State Common Retirement Fund now owns 82,499 shares of the company's stock worth $225,000 after acquiring an additional 19,300 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Up 4.5%

NASDAQ:WULF traded up $0.41 during trading hours on Thursday, hitting $9.54. 31,452,272 shares of the company's stock traded hands, compared to its average volume of 45,946,785. The stock's fifty day moving average price is $5.70 and its two-hundred day moving average price is $4.24. The firm has a market cap of $3.74 billion, a P/E ratio of -27.24 and a beta of 3.17. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $10.71.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business's revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. On average, research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 24.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WULF. JMP Securities raised their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research report on Friday, August 15th. B. Riley raised their target price on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Northland Securities lifted their price target on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. Finally, Roth Capital raised their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $11.22.

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.