Edmond DE Rothschild Holding S.A. Purchases New Position in TeraWulf Inc. $WULF

Edmond DE Rothschild Holding S.A. acquired a new position in TeraWulf Inc. (NASDAQ:WULF) during the first quarter, HoldingsChannel reports. The institutional investor acquired 10,500 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WULF. Quantbot Technologies LP purchased a new stake in TeraWulf in the first quarter worth about $3,702,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TeraWulf in the fourth quarter worth about $7,591,000. Wellington Management Group LLP grew its holdings in TeraWulf by 1,760.0% in the fourth quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company’s stock worth $6,671,000 after purchasing an additional 1,115,228 shares during the period. Aurelius Capital Management LP purchased a new stake in TeraWulf in the first quarter worth about $2,520,000. Finally, Cresset Asset Management LLC grew its holdings in TeraWulf by 3,930.6% in the first quarter. Cresset Asset Management LLC now owns 880,687 shares of the company’s stock worth $2,404,000 after purchasing an additional 858,837 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Wall Street Zen cut shares of TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, August 24th. Roth Capital increased their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a report on Friday, August 15th. Rosenblatt Securities increased their price target on shares of TeraWulf from $10.50 to $12.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Finally, Citizens Jmp upgraded shares of TeraWulf to a “strong-buy” rating and set a $7.00 price target on the stock in a report on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $11.22.

Insiders Place Their Bets

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director owned 40,769 shares in the company, valued at $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.88% of the stock is currently owned by company insiders.

TeraWulf Stock Up 2.9%

Shares of TeraWulf stock opened at $9.13 on Friday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -26.09 and a beta of 3.36. The company’s 50 day moving average is $6.45 and its 200 day moving average is $4.45. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $10.71. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. Research analysts anticipate that TeraWulf Inc. will post -0.17 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.