Sei Investments Co. Increases Stock Position in TeraWulf Inc. (NASDAQ:WULF)

Sei Investments Co. boosted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 330.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,621 shares of the company’s stock after buying an additional 62,645 shares during the quarter. Sei Investments Co.’s holdings in TeraWulf were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WULF. Rosenberg Matthew Hamilton purchased a new stake in shares of TeraWulf during the fourth quarter valued at about $32,000. FMR LLC lifted its position in TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares during the last quarter. Stifel Financial Corp acquired a new stake in TeraWulf in the third quarter valued at approximately $47,000. Perigon Wealth Management LLC purchased a new position in TeraWulf in the fourth quarter worth $59,000. Finally, R Squared Ltd acquired a new position in shares of TeraWulf during the fourth quarter worth $61,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Price Performance

WULF stock opened at $2.58 on Thursday. The company has a market capitalization of $988.19 million, a P/E ratio of -12.90 and a beta of 2.76. TeraWulf Inc. has a 12 month low of $1.82 and a 12 month high of $9.30. The firm’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $5.31.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on WULF shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a research note on Monday, January 13th. Finally, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, TeraWulf has an average rating of “Buy” and a consensus target price of $7.86.

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.