Arrowstreet Capital Limited Partnership Takes $173,000 Position in TeraWulf Inc. (NASDAQ:WULF)

Arrowstreet Capital Limited Partnership bought a new position in TeraWulf Inc. (NASDAQ:WULF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,583 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds also recently made changes to their positions in WULF. Charles Schwab Investment Management Inc. grew its holdings in TeraWulf by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock worth $13,980,000 after acquiring an additional 105,997 shares during the last quarter. State Street Corp raised its stake in shares of TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after acquiring an additional 227,186 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of TeraWulf during the fourth quarter worth about $651,000. Barclays PLC grew its stake in shares of TeraWulf by 419.7% in the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after purchasing an additional 343,016 shares during the last quarter. Finally, BIT Capital GmbH increased its holdings in TeraWulf by 169.4% during the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock valued at $22,503,000 after purchasing an additional 2,499,865 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods started coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. B. Riley raised their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Jones Trading began coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a “buy” rating and a $4.00 price objective on the stock. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $7.86.

TeraWulf Stock Up 6.2 %

TeraWulf stock opened at $2.38 on Monday. The stock’s 50 day moving average is $3.55 and its 200 day moving average is $5.27. The company has a market capitalization of $911.59 million, a P/E ratio of -11.90 and a beta of 2.76. TeraWulf Inc. has a twelve month low of $1.82 and a twelve month high of $9.30.

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

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.