TeraWulf Inc. (NASDAQ:WULF) Shares Purchased by GM Advisory Group LLC

GM Advisory Group LLC boosted its position in TeraWulf Inc. (NASDAQ:WULF) by 179.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,876,671 shares of the company’s stock after acquiring an additional 1,205,187 shares during the period. GM Advisory Group LLC owned about 0.56% of TeraWulf worth $8,351,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WULF. Van ECK Associates Corp grew its position in shares of TeraWulf by 50.8% in the first quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock valued at $17,708,000 after purchasing an additional 2,268,870 shares during the period. Vanguard Group Inc. boosted its stake in TeraWulf by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after buying an additional 1,764,115 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in TeraWulf in the 4th quarter valued at about $1,200,000. Bank of New York Mellon Corp increased its stake in shares of TeraWulf by 97.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock valued at $3,757,000 after acquiring an additional 417,369 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of TeraWulf during the 2nd quarter worth about $1,618,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WULF has been the subject of a number of recent analyst reports. Rosenblatt Securities boosted their target price on shares of TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of TeraWulf in a research note on Monday, August 26th. Needham & Company LLC began coverage on TeraWulf in a research report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 target price on the stock. Roth Capital upgraded TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Roth Mkm restated a “buy” rating and set a $6.50 price target on shares of TeraWulf in a research note on Monday, July 8th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TeraWulf has an average rating of “Buy” and an average price target of $5.71.

TeraWulf Trading Up 9.9 %

Shares of NASDAQ WULF opened at $4.46 on Friday. The stock has a fifty day moving average price of $4.39 and a 200 day moving average price of $3.35. TeraWulf Inc. has a 12-month low of $0.89 and a 12-month high of $6.51.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $35.57 million during the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. On average, equities analysts expect that TeraWulf Inc. will post -0.11 earnings per share for the current fiscal year.

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.