TeraWulf Inc. (NASDAQ:WULF) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 394.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,626 shares of the company’s stock after acquiring an additional 39,592 shares during the period. Stifel Financial Corp’s holdings in TeraWulf were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WULF. Senator Investment Group LP acquired a new stake in TeraWulf during the 4th quarter valued at $24,371,000. MetLife Investment Management LLC increased its position in shares of TeraWulf by 36.9% during the fourth quarter. MetLife Investment Management LLC now owns 160,964 shares of the company’s stock worth $911,000 after acquiring an additional 43,388 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of TeraWulf by 21.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock worth $30,387,000 after acquiring an additional 955,795 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of TeraWulf by 136.5% in the fourth quarter. First Trust Advisors LP now owns 1,389,616 shares of the company’s stock worth $7,865,000 after acquiring an additional 801,979 shares in the last quarter. Finally, Forum Financial Management LP purchased a new stake in TeraWulf during the 4th quarter worth approximately $68,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

WULF has been the subject of a number of recent analyst reports. Rosenblatt Securities decreased their price target on shares of TeraWulf from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday. Jones Trading initiated coverage on shares of TeraWulf in a research note on Monday, March 31st. They set a “buy” rating and a $4.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.86.

TeraWulf Price Performance

WULF stock opened at $3.66 on Thursday. TeraWulf Inc. has a 1-year low of $1.91 and a 1-year high of $9.30. The firm has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $4.95. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -11.09 and a beta of 3.00.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. The firm’s revenue was down 18.9% on a year-over-year basis. As a group, analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal 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.