Commonwealth Equity Services LLC Grows Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Commonwealth Equity Services LLC increased its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 28.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,281 shares of the company’s stock after purchasing an additional 51,733 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of TeraWulf worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WULF. FMR LLC raised its stake in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares during the last quarter. ARS Investment Partners LLC grew its holdings in TeraWulf by 20.0% during the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock worth $68,000 after acquiring an additional 2,000 shares during the period. Truist Financial Corp grew its holdings in TeraWulf by 5.0% during the fourth quarter. Truist Financial Corp now owns 52,500 shares of the company’s stock worth $297,000 after acquiring an additional 2,500 shares during the period. KBC Group NV raised its position in TeraWulf by 49.3% during the fourth quarter. KBC Group NV now owns 12,349 shares of the company’s stock valued at $70,000 after acquiring an additional 4,077 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after acquiring an additional 4,093 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Trading Down 7.2 %

Shares of TeraWulf stock opened at $2.72 on Monday. TeraWulf Inc. has a twelve month low of $1.82 and a twelve month high of $9.30. The firm has a market capitalization of $1.04 billion, a PE ratio of -13.60 and a beta of 2.70. The firm’s 50-day moving average price is $4.23 and its 200 day moving average price is $5.44.

TeraWulf (NASDAQ:WULF) last released its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $35.00 million during the quarter, compared to analysts’ expectations of $37.43 million. The business’s revenue was up 50.2% compared to the same quarter last year. On average, sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WULF has been the subject of several recent research reports. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. B. Riley lifted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Northland Securities reissued an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, TeraWulf presently has a consensus rating of “Buy” and a consensus target price of $9.50.

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.