Cetera Investment Advisers Has $568,000 Position in TeraWulf Inc. (NASDAQ:WULF)

Cetera Investment Advisers increased its stake in TeraWulf Inc. (NASDAQ:WULF) by 421.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,366 shares of the company’s stock after purchasing an additional 81,134 shares during the period. Cetera Investment Advisers’ holdings in TeraWulf were worth $568,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock valued at $43,232,000 after buying an additional 453,429 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company’s stock valued at $30,387,000 after acquiring an additional 955,795 shares during the last quarter. Van ECK Associates Corp increased its position in TeraWulf by 74.2% in the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock worth $26,964,000 after purchasing an additional 2,028,383 shares during the period. Senator Investment Group LP acquired a new stake in TeraWulf in the fourth quarter worth about $24,371,000. Finally, BIT Capital GmbH raised 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 worth $22,503,000 after purchasing an additional 2,499,865 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Trading Down 3.9%

Shares of TeraWulf stock opened at $3.93 on Tuesday. The stock’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $4.75. The company has a market capitalization of $1.51 billion, a PE ratio of -11.91 and a beta of 3.00. TeraWulf Inc. has a 12 month low of $1.98 and a 12 month high of $9.30.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on WULF. JMP Securities assumed coverage on shares of TeraWulf in a research note on Thursday, May 22nd. They issued a “market outperform” rating and a $7.00 target price on the stock. Rosenblatt Securities reduced their price objective on shares of TeraWulf from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Jones Trading assumed coverage on shares of TeraWulf in a research report on Monday, March 31st. They set a “buy” rating and a $4.00 target price for the company. Finally, Citizens Jmp upgraded TeraWulf to a “strong-buy” rating and set a $7.00 price target on the stock in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $7.67.

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.