Northern Trust Corp grew its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,603,141 shares of the company's stock after buying an additional 352,202 shares during the period. Northern Trust Corp owned approximately 0.67% of TeraWulf worth $14,734,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WULF. The Manufacturers Life Insurance Company lifted its holdings in shares of TeraWulf by 12.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 162,975 shares of the company's stock valued at $922,000 after purchasing an additional 17,421 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of TeraWulf during the 4th quarter valued at about $228,000. Boothbay Fund Management LLC lifted its holdings in shares of TeraWulf by 28.8% during the 4th quarter. Boothbay Fund Management LLC now owns 97,794 shares of the company's stock valued at $554,000 after purchasing an additional 21,881 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in shares of TeraWulf by 38.9% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 403,733 shares of the company's stock valued at $2,285,000 after purchasing an additional 113,089 shares in the last quarter. Finally, Science & Technology Partners L.P. bought a new position in shares of TeraWulf during the 4th quarter valued at about $18,606,000. Institutional investors own 62.49% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on WULF. Jones Trading started coverage on TeraWulf in a report on Monday, March 31st. They set a "buy" rating and a $4.00 price objective on the stock. Rosenblatt Securities cut their target price on TeraWulf from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday. 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's stock. Based on data from MarketBeat, TeraWulf has an average rating of "Buy" and an average price target of $7.86.
Get Our Latest Stock Report on WULF
TeraWulf Stock Down 3.8%
NASDAQ:WULF opened at $3.52 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -10.67 and a beta of 3.00. TeraWulf Inc. has a twelve month low of $1.91 and a twelve month high of $9.30. The stock's 50 day moving average price is $2.91 and its two-hundred day moving average price is $4.92.
TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. As a group, analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current year.
About TeraWulf
(
Free Report)
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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