G2 Investment Partners Management LLC Has $2.60 Million Stock Position in TeraWulf Inc. (NASDAQ:WULF)

G2 Investment Partners Management LLC boosted its position in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 460,000 shares of the company's stock after purchasing an additional 99,815 shares during the quarter. G2 Investment Partners Management LLC owned about 0.12% of TeraWulf worth $2,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WULF. Rosenberg Matthew Hamilton bought a new stake in TeraWulf in the 4th quarter valued at about $32,000. CoreCap Advisors LLC raised its position 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 in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of TeraWulf during the 4th quarter worth about $59,000. R Squared Ltd bought a new stake in shares of TeraWulf during the 4th quarter worth about $61,000. Finally, ARS Investment Partners LLC raised its position 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 in the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Price Performance

NASDAQ:WULF traded up $0.47 during trading hours on Monday, reaching $3.48. The company's stock had a trading volume of 43,240,753 shares, compared to its average volume of 29,335,636. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -10.55 and a beta of 3.00. TeraWulf Inc. has a one year low of $1.91 and a one year high of $9.30. The business's 50-day moving average is $2.89 and its 200-day moving average is $4.98.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. TeraWulf's revenue for the quarter was down 18.9% on a year-over-year basis. On average, sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WULF shares. Jones Trading started coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a "buy" rating and a $4.00 price objective on the stock. Rosenblatt Securities lowered their price objective on shares of TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, TeraWulf currently has an average rating of "Buy" and a consensus price target of $7.86.

TeraWulf Company 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.