TeraWulf Inc. (NASDAQ:WULF) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC boosted its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,048,076 shares of the company's stock after buying an additional 527,662 shares during the period. Vident Advisory LLC owned 0.53% of TeraWulf worth $11,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its holdings in shares of TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after buying an additional 3,054 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth $59,000. R Squared Ltd acquired a new stake in shares of TeraWulf during the 4th quarter worth $61,000. ARS Investment Partners LLC increased its holdings in shares of TeraWulf by 20.0% during the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock worth $68,000 after buying an additional 2,000 shares during the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of TeraWulf during the 4th quarter worth $68,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Trading Down 3.9%

WULF stock traded down $0.16 during trading on Friday, reaching $3.93. The stock had a trading volume of 42,857,340 shares, compared to its average volume of 30,485,423. TeraWulf Inc. has a 1-year low of $1.96 and a 1-year high of $9.30. The company has a market capitalization of $1.51 billion, a P/E ratio of -11.91 and a beta of 3.00. The firm has a fifty day moving average price of $3.00 and a 200 day moving average price of $4.82.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. TeraWulf's quarterly revenue was down 18.9% compared to the same quarter last year. Sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on WULF shares. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 price objective for the company in a report on Thursday. Jones Trading initiated coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a "buy" rating and a $4.00 price target on the stock. Rosenblatt Securities reduced their price target on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, JMP Securities initiated coverage on shares of TeraWulf in a research report on Thursday. They set a "market outperform" rating and a $7.00 price target on the stock. One 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 company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.