Science & Technology Partners L.P. Invests $18.61 Million in TeraWulf Inc. (NASDAQ:WULF)

Science & Technology Partners L.P. 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 (SEC). The institutional investor purchased 3,287,212 shares of the company's stock, valued at approximately $18,606,000. TeraWulf makes up approximately 5.7% of Science & Technology Partners L.P.'s holdings, making the stock its 9th largest position. Science & Technology Partners L.P. owned approximately 0.85% of TeraWulf as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton purchased a new stake in shares of TeraWulf in the 4th quarter valued at approximately $32,000. FMR LLC lifted its holdings in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of TeraWulf in the third quarter worth $47,000. Perigon Wealth Management LLC purchased a new stake in TeraWulf in the 4th quarter worth about $59,000. Finally, R Squared Ltd purchased a new position in TeraWulf during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Trading Down 1.5 %

TeraWulf stock traded down $0.05 during trading hours on Tuesday, reaching $2.98. 21,571,598 shares of the company were exchanged, compared to its average volume of 40,779,418. TeraWulf Inc. has a 12 month low of $1.91 and a 12 month high of $9.30. The stock has a 50-day moving average of $3.04 and a 200 day moving average of $5.14. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -14.88 and a beta of 2.76.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Rosenblatt Securities decreased their target price 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. Atb Cap Markets upgraded TeraWulf to a "strong-buy" rating in a report on Sunday, January 5th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. One equities research 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 target price 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.