Brown Advisory Inc. Grows Position in TeraWulf Inc. (NASDAQ:WULF)

Brown Advisory Inc. increased its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 126.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,055 shares of the company’s stock after buying an additional 22,955 shares during the period. Brown Advisory Inc.’s holdings in TeraWulf were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Senator Investment Group LP purchased a new position in TeraWulf in the fourth quarter valued at approximately $24,371,000. Science & Technology Partners L.P. acquired a new stake in shares of TeraWulf in the fourth quarter valued at approximately $18,606,000. BIT Capital GmbH boosted its holdings in shares of TeraWulf by 169.4% in the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock valued at $22,503,000 after acquiring an additional 2,499,865 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of TeraWulf in the fourth quarter valued at approximately $10,970,000. Finally, Soros Fund Management LLC acquired a new stake in shares of TeraWulf in the fourth quarter valued at approximately $8,632,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on WULF. Citizens Jmp raised TeraWulf to a “strong-buy” rating and set a $7.00 price target for the company in a report on Thursday, May 22nd. Jones Trading began coverage on TeraWulf in a report on Monday, March 31st. They set a “buy” rating and a $4.00 price target for the company. Rosenblatt Securities increased their price target on TeraWulf from $4.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, JMP Securities began coverage on TeraWulf in a report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 price target for the company. One 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 company’s stock. According to data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and an average price target of $8.06.

TeraWulf Trading Up 7.8%

Shares of WULF stock opened at $5.25 on Thursday. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $9.30. The stock has a market cap of $2.02 billion, a P/E ratio of -15.91 and a beta of 3.11. The business has a fifty day simple moving average of $4.17 and a 200-day simple moving average of $4.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.03.

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