AQR Capital Management LLC Has $4.28 Million Holdings in TeraWulf Inc. (NASDAQ:WULF)

AQR Capital Management LLC cut its holdings in TeraWulf Inc. (NASDAQ:WULF) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 755,411 shares of the company’s stock after selling 56,443 shares during the period. AQR Capital Management LLC’s holdings in TeraWulf were worth $4,276,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton bought a new stake in shares of TeraWulf during the 4th quarter worth about $32,000. Perigon Wealth Management LLC acquired a new stake in TeraWulf in the 4th quarter worth approximately $59,000. R Squared Ltd bought a new stake in TeraWulf during the fourth quarter worth approximately $61,000. ARS Investment Partners LLC grew its holdings in TeraWulf by 20.0% during the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock valued at $68,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $68,000. 62.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Jones Trading began coverage on shares of TeraWulf in a report on Monday, March 31st. They set a “buy” rating and a $4.00 price target for the company. Finally, Rosenblatt Securities dropped their price objective on TeraWulf from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, TeraWulf currently has a consensus rating of “Buy” and a consensus price target of $7.86.

TeraWulf Stock Down 8.8 %

WULF stock opened at $3.01 on Friday. TeraWulf Inc. has a twelve month low of $1.91 and a twelve month high of $9.30. The company has a market cap of $1.15 billion, a PE ratio of -15.05 and a beta of 3.00. The business’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $5.00.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $34.41 million for the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business’s revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current 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.