Alyeska Investment Group L.P. Makes New Investment in TeraWulf Inc. (NASDAQ:WULF)

Alyeska Investment Group L.P. purchased a new position in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,938,222 shares of the company’s stock, valued at approximately $10,970,000. Alyeska Investment Group L.P. owned approximately 0.50% of TeraWulf as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of WULF. Geode Capital Management LLC grew its holdings in TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock valued at $43,232,000 after buying an additional 453,429 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock valued at $30,387,000 after purchasing an additional 955,795 shares in the last quarter. Van ECK Associates Corp boosted its holdings in TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock valued at $26,964,000 after purchasing an additional 2,028,383 shares during the period. Senator Investment Group LP acquired a new position in shares of TeraWulf during the fourth quarter worth about $24,371,000. Finally, BIT Capital GmbH grew its stake in shares of TeraWulf by 169.4% during the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock worth $22,503,000 after purchasing an additional 2,499,865 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WULF shares. Needham & Company LLC reissued a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Keefe, Bruyette & Woods began coverage on TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Rosenblatt Securities lowered their price target on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Jones Trading began coverage on TeraWulf in a report on Monday, March 31st. They set a “buy” rating and a $4.00 price objective for the company. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $7.86.

TeraWulf Trading Down 6.9 %

Shares of TeraWulf stock opened at $2.99 on Tuesday. The business’s fifty day moving average price is $2.94 and its 200 day moving average price is $5.07. TeraWulf Inc. has a twelve month low of $1.91 and a twelve month high of $9.30. The stock has a market capitalization of $1.15 billion, a P/E ratio of -14.95 and a beta of 3.00.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The business had revenue of $35.00 million for the quarter, compared to analyst estimates of $37.43 million. TeraWulf’s revenue was up 50.2% on a year-over-year basis. As a group, sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

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.