Intrinsic Edge Capital Management LLC Raises Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Intrinsic Edge Capital Management LLC boosted its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 38.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,733 shares of the company's stock after acquiring an additional 113,089 shares during the quarter. Intrinsic Edge Capital Management LLC owned 0.10% of TeraWulf worth $2,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WULF. Charles Schwab Investment Management Inc. boosted its stake in shares of TeraWulf by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company's stock worth $13,980,000 after acquiring an additional 105,997 shares during the period. Wellington Management Group LLP boosted its position in TeraWulf by 1,760.0% during the fourth quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock worth $6,671,000 after purchasing an additional 1,115,228 shares during the period. GoalVest Advisory LLC acquired a new position in shares of TeraWulf in the fourth quarter valued at $651,000. Barclays PLC raised its position in shares of TeraWulf by 419.7% in the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after purchasing an additional 343,016 shares during the period. Finally, BIT Capital GmbH raised its position in shares of TeraWulf by 169.4% in the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock valued at $22,503,000 after purchasing an additional 2,499,865 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Analysts Set New Price Targets

WULF has been the subject of several recent research reports. Rosenblatt Securities reduced their price target on TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a "market perform" rating for the company. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $7.86.

TeraWulf Stock Up 15.1 %

NASDAQ WULF traded up $0.42 during trading hours on Thursday, reaching $3.20. 31,132,076 shares of the company were exchanged, compared to its average volume of 28,550,343. The stock has a market capitalization of $1.23 billion, a P/E ratio of -15.93 and a beta of 2.76. TeraWulf Inc. has a 1 year low of $1.91 and a 1 year high of $9.30. The business's 50 day simple moving average is $2.98 and its 200-day simple moving average is $5.11.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million for the quarter, compared to analysts' expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm's revenue was up 50.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.