12,888 Shares in TeraWulf Inc. (NASDAQ:WULF) Purchased by Florida Financial Advisors LLC

Florida Financial Advisors LLC acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,888 shares of the company’s stock, valued at approximately $73,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in TeraWulf by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after buying an additional 4,093 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of TeraWulf in the third quarter valued at about $340,000. Charles Schwab Investment Management Inc. lifted its position in shares of TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after purchasing an additional 1,704,013 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in TeraWulf by 66.7% during the third quarter. The Manufacturers Life Insurance Company now owns 145,554 shares of the company’s stock worth $681,000 after purchasing an additional 58,235 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They set a “market perform” rating for the company. B. Riley increased their price objective on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Monday, March 3rd. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, TeraWulf presently has a consensus rating of “Buy” and a consensus target price of $9.50.

TeraWulf Price Performance

WULF opened at $3.28 on Wednesday. The firm has a market capitalization of $1.26 billion, a P/E ratio of -16.40 and a beta of 2.70. The company has a fifty day moving average price of $4.43 and a 200-day moving average price of $5.47. TeraWulf Inc. has a one year low of $1.82 and a one year high of $9.30.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $35.00 million for the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm’s quarterly revenue was up 50.2% on a year-over-year basis. On average, analysts expect 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.