Intrinsic Edge Capital Management LLC Increases Stock Position in TeraWulf Inc. (NASDAQ:WULF)

Intrinsic Edge Capital Management LLC increased its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 38.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 403,733 shares of the company’s stock after buying an additional 113,089 shares during the period. Intrinsic Edge Capital Management LLC owned about 0.10% of TeraWulf worth $2,285,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position 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 worth $13,980,000 after acquiring an additional 105,997 shares during the last quarter. Wellington Management Group LLP grew its stake in TeraWulf by 1,760.0% during the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company’s stock valued at $6,671,000 after purchasing an additional 1,115,228 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in TeraWulf during the 4th quarter worth approximately $651,000. Barclays PLC increased its holdings in TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after purchasing an additional 343,016 shares during the last quarter. Finally, BIT Capital GmbH raised its position in shares of TeraWulf by 169.4% in the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock valued at $22,503,000 after purchasing an additional 2,499,865 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Price Performance

WULF stock opened at $3.00 on Friday. The firm has a market cap of $1.15 billion, a PE ratio of -15.00 and a beta of 2.76. TeraWulf Inc. has a 12 month low of $1.91 and a 12 month high of $9.30. The firm has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $5.13.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $35.00 million during the quarter, compared to the consensus estimate of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm’s quarterly revenue was up 50.2% compared to the same quarter last year. As a group, sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Rosenblatt Securities decreased their target price on TeraWulf from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods started coverage on TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $7.86.

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.