G2 Investment Partners Management LLC Increases Stake in TeraWulf Inc. (NASDAQ:WULF)

G2 Investment Partners Management LLC raised its holdings in TeraWulf Inc. (NASDAQ:WULF) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 460,000 shares of the company’s stock after acquiring an additional 99,815 shares during the period. G2 Investment Partners Management LLC’s holdings in TeraWulf were worth $2,604,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ensign Peak Advisors Inc purchased a new stake in TeraWulf in the 4th quarter valued at $520,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of TeraWulf during the 4th quarter valued at approximately $3,349,000. Driehaus Capital Management LLC grew its position in TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company’s stock worth $72,070,000 after acquiring an additional 412,877 shares during the period. CoreCap Advisors LLC increased its stake in TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company’s stock worth $43,000 after acquiring an additional 3,054 shares during the last quarter. Finally, Crestline Management LP purchased a new stake in TeraWulf in the fourth quarter valued at $76,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Stock Up 8.2 %

Shares of WULF opened at $3.30 on Friday. TeraWulf Inc. has a 52-week low of $1.91 and a 52-week high of $9.30. The stock has a 50 day moving average price of $2.90 and a 200 day moving average price of $5.02. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.50 and a beta of 3.00.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.13). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. On average, equities analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities lowered their price objective on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC reissued a “buy” rating and set a $9.50 target price on shares of TeraWulf in a research note on Monday, January 13th. Finally, Jones Trading assumed coverage on shares of TeraWulf in a research note on Monday, March 31st. They set a “buy” rating and a $4.00 price target on the stock. 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 stock. According to data from MarketBeat, the company currently has a consensus 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.