1 week Ago By ABMN Staff
Invesco Ltd. raised its stake in shares of TeraWulf Inc. ( NASDAQ:WULF – Free Report ) by 583.
1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 849,708 shares of the company’s stock after buying an additional 725,322 shares during the period. Invesco Ltd.
’s holdings in TeraWulf were worth $4,809,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of WULF. Cerity Partners LLC boosted its holdings in TeraWulf by 112.
3% in the 4th quarter. Cerity Partners LLC now owns 61,977 shares of the company’s stock worth $349,000 after buying an additional 32,786 shares during the last quarter. Hel Ved Capital Management Ltd acquired a new stake in TeraWulf during the fourth quarter worth about $2,256,000.
Wells Fargo & Company MN raised its position in shares of TeraWulf by 73.3% during the 4th quarter. Wells Fargo & Company MN now owns 198,025 shares of the company’s stock valued at $1,121,000 after buying an additional 83,789 shares during the period.
Geode Capital Management LLC grew its position in TeraWulf by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock worth $43,232,000 after acquiring an additional 453,429 shares during the period.
Finally, OLD Mission Capital LLC purchased a new stake in TeraWulf in the fourth quarter valued at $114,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes Several analysts recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th.
Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Rosenblatt Securities dropped their target price on shares of TeraWulf from $10.00 to $4.
00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Jones Trading initiated coverage on TeraWulf in a research report on Monday, March 31st. They set a “buy” rating and a $4.
00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th.
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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $7.86.
TeraWulf Price Performance NASDAQ WULF opened at $3.00 on Friday. The company has a fifty day moving average of $3.
07 and a two-hundred day moving average of $5.14. The company has a market capitalization of $1.
15 billion, a PE ratio of -15.00 and a beta of 2.76.
TeraWulf Inc. has a 1 year low of $1.91 and a 1 year high of $9.
30. TeraWulf ( NASDAQ:WULF – Get Free Report ) last announced 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 net margin of 41.88% and a negative return on equity of 15.91%.
The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million.
TeraWulf’s revenue was up 50.2% on a year-over-year basis. On average, research analysts expect that TeraWulf Inc.
will post -0.17 earnings per share for the current year. TeraWulf Profile ( Free Report ) 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.
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