11,591 Shares in TeraWulf Inc. (NASDAQ:WULF) Acquired by Creative Planning

Creative Planning bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,591 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank boosted its position in TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares during the period. ARS Investment Partners LLC acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $44,000. Pekin Hardy Strauss Inc. acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $44,000. PEAK6 Investments LLC acquired a new position in shares of TeraWulf in the 1st quarter worth approximately $64,000. Finally, Xponance Inc. acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $65,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Performance

Shares of WULF stock opened at $7.35 on Thursday. The firm has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $4.31. TeraWulf Inc. has a 12 month low of $0.91 and a 12 month high of $9.30.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative return on equity of 17.02% and a negative net margin of 41.88%. The firm had revenue of $35.57 million during the quarter, compared to the consensus estimate of $35.73 million. As a group, analysts predict that TeraWulf Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

WULF has been the topic of a number of recent analyst reports. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC boosted their price target on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Finally, B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of TeraWulf in a research note on Monday, October 7th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $7.21.

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.