Intellectus Partners LLC Has $104,000 Position in TeraWulf Inc. (NASDAQ:WULF)

Intellectus Partners LLC increased its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 43.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 38,000 shares of the company’s stock after acquiring an additional 11,500 shares during the quarter. Intellectus Partners LLC’s holdings in TeraWulf were worth $104,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Edge Wealth Management LLC bought a new position in shares of TeraWulf during the first quarter valued at $55,000. RFG Advisory LLC acquired a new stake in TeraWulf in the first quarter valued at $290,000. NBC Securities Inc. acquired a new stake in TeraWulf in the first quarter valued at $305,000. Hardin Capital Partners LLC bought a new position in TeraWulf during the 1st quarter worth $78,000. Finally, Rhumbline Advisers lifted its holdings in TeraWulf by 5.5% during the 1st quarter. Rhumbline Advisers now owns 366,217 shares of the company’s stock worth $1,000,000 after buying an additional 19,216 shares during the period. 62.49% of the stock is owned by institutional investors.

TeraWulf Stock Performance

Shares of WULF stock opened at $4.35 on Friday. The company has a market cap of $1.67 billion, a P/E ratio of -13.18 and a beta of 3.09. The stock has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $4.55. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $9.30.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

WULF has been the subject of several recent research reports. Jones Trading started coverage on TeraWulf in a research note on Monday, March 31st. They issued a “buy” rating and a $4.00 price target for the company. JMP Securities started coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 target price for the company. Citizens Jmp upgraded shares of TeraWulf to a “strong-buy” rating and set a $7.00 price target for the company in a report on Thursday, May 22nd. Finally, Rosenblatt Securities dropped their price target on shares of TeraWulf from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, TeraWulf currently has an average rating of “Buy” and an average target price of $7.67.

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.