Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 79,400 TeraWulf Inc. (NASDAQ:WULF)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,400 shares of the company’s stock, valued at approximately $353,000.

A number of other large investors also recently modified their holdings of the stock. Vima LLC bought a new stake in TeraWulf during the fourth quarter worth $346,000. GSG Advisors LLC purchased a new stake in shares of TeraWulf in the first quarter valued at about $237,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of TeraWulf by 26.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 380,461 shares of the company’s stock valued at $1,001,000 after purchasing an additional 79,925 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in TeraWulf during the first quarter worth about $29,000. Finally, Delta Financial Group Inc. grew its position in TeraWulf by 33.6% in the 1st quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock worth $116,000 after purchasing an additional 11,100 shares in the last quarter. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 price objective on shares of TeraWulf in a research report on Tuesday. Roth Capital raised shares of TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Roth Mkm restated a “buy” rating and set a $6.50 price objective on shares of TeraWulf in a report on Monday, July 8th. Needham & Company LLC began coverage on TeraWulf in a research note on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Stifel Canada raised TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.71.

TeraWulf Price Performance

Shares of WULF stock opened at $3.91 on Wednesday. TeraWulf Inc. has a 1 year low of $0.89 and a 1 year high of $6.51. The company’s fifty day simple moving average is $4.23 and its two-hundred day simple moving average is $3.62.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million for the quarter, compared to analysts’ expectations of $35.73 million. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. Research analysts anticipate that TeraWulf Inc. will post -0.11 EPS for the current 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.