Cambridge Investment Research Advisors Inc. Has $90,000 Holdings in TeraWulf Inc. (NASDAQ:WULF)

Cambridge Investment Research Advisors Inc. cut its holdings in TeraWulf Inc. (NASDAQ:WULF) by 15.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,143 shares of the company’s stock after selling 5,962 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in TeraWulf were worth $90,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of TeraWulf by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 742,656 shares of the company’s stock valued at $4,203,000 after purchasing an additional 56,312 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of TeraWulf by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock valued at $13,980,000 after purchasing an additional 105,997 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of TeraWulf by 167.6% during the fourth quarter. Victory Capital Management Inc. now owns 93,288 shares of the company’s stock valued at $528,000 after purchasing an additional 58,422 shares in the last quarter. Swiss National Bank boosted its stake in shares of TeraWulf by 15.4% during the fourth quarter. Swiss National Bank now owns 564,300 shares of the company’s stock valued at $3,194,000 after purchasing an additional 75,500 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of TeraWulf by 28.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 233,281 shares of the company’s stock valued at $1,320,000 after purchasing an additional 51,733 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

TeraWulf Trading Up 4.5%

Shares of WULF stock opened at $5.11 on Tuesday. The company has a market cap of $1.97 billion, a P/E ratio of -15.48 and a beta of 3.11. The stock has a 50 day simple moving average of $4.09 and a two-hundred day simple moving average of $4.04. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.90 and a current ratio of 1.90. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $9.30.

TeraWulf (NASDAQ:WULF) last issued its earnings results 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). The business had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. Research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current 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.