Vident Advisory LLC Grows Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Vident Advisory LLC lifted its stake in TeraWulf Inc. (NASDAQ:WULF) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,048,076 shares of the company’s stock after purchasing an additional 527,662 shares during the quarter. Vident Advisory LLC’s holdings in TeraWulf were worth $11,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WULF. CoreCap Advisors LLC boosted its holdings in TeraWulf by 67.9% in 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 in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of TeraWulf in the 4th quarter worth about $59,000. R Squared Ltd purchased a new position in shares of TeraWulf in the 4th quarter worth about $61,000. ARS Investment Partners LLC boosted its stake in TeraWulf by 20.0% in the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in TeraWulf during the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Trading Up 10.5%

Shares of WULF stock opened at $3.89 on Monday. TeraWulf Inc. has a 12 month low of $1.91 and a 12 month high of $9.30. The stock has a market cap of $1.50 billion, a P/E ratio of -11.79 and a beta of 3.00. The company has a 50 day simple moving average of $2.92 and a two-hundred day simple moving average of $4.88.

TeraWulf (NASDAQ:WULF) last posted 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 during the quarter, compared to analysts’ expectations of $45.72 million. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. As a group, equities analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WULF. Rosenblatt Securities decreased their target price on shares of TeraWulf from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, May 12th. Jones Trading started coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a “buy” rating and a $4.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $7.86.

About TeraWulf

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.