Marshall Wace LLP Invests $529,000 in TeraWulf Inc. (NASDAQ:WULF)

Marshall Wace LLP purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 93,408 shares of the company's stock, valued at approximately $529,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after buying an additional 343,016 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of TeraWulf in the 3rd quarter worth $434,000. Tidal Investments LLC grew its stake in shares of TeraWulf by 1,389.8% in the 3rd quarter. Tidal Investments LLC now owns 868,692 shares of the company's stock worth $4,065,000 after acquiring an additional 810,382 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of TeraWulf by 10.4% during the third quarter. Franklin Resources Inc. now owns 686,219 shares of the company's stock valued at $3,081,000 after purchasing an additional 64,634 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in TeraWulf by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company's stock worth $516,000 after purchasing an additional 4,756 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Down 0.9 %

WULF opened at $3.21 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -16.05 and a beta of 2.76. The firm has a 50-day moving average price of $2.96 and a 200-day moving average price of $5.09. TeraWulf Inc. has a twelve month low of $1.91 and a twelve month high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf's revenue for the quarter was up 50.2% on a year-over-year basis. On average, sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on WULF. Rosenblatt Securities decreased their price objective on shares of TeraWulf from $10.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Keefe, Bruyette & Woods began coverage on TeraWulf in a research report on Wednesday, January 8th. They set a "market perform" rating for the company. Jones Trading initiated coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a "buy" rating and a $4.00 price target on the stock. Finally, Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $7.86.

TeraWulf 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.

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