TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,838 shares of the company’s stock after selling 6,946 shares during the quarter. Vontobel Holding Ltd.’s holdings in TeraWulf were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WULF. Driehaus Capital Management LLC increased its stake in shares of TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company’s stock valued at $72,070,000 after purchasing an additional 412,877 shares during the period. Geode Capital Management LLC grew its holdings in TeraWulf by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company’s stock worth $43,232,000 after buying an additional 453,429 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TeraWulf by 21.7% in the 4th 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 period. Senator Investment Group LP bought a new stake in TeraWulf during the 4th quarter valued at $24,371,000. Finally, BIT Capital GmbH boosted its position 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 acquiring an additional 2,499,865 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WULF. Rosenblatt Securities raised their price target on TeraWulf from $4.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, June 12th. JMP Securities initiated coverage on shares of TeraWulf in a research report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 price target on the stock. Jones Trading began coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a “buy” rating and a $4.00 price target for the company. Finally, Citizens Jmp upgraded shares of TeraWulf to a “strong-buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $8.06.

TeraWulf Stock Up 2.3%

NASDAQ WULF opened at $4.93 on Thursday. The company has a market capitalization of $1.90 billion, a P/E ratio of -14.94 and a beta of 3.11. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $9.30. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $4.08.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. Equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

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.