GSG Advisors LLC Takes $237,000 Position in TeraWulf Inc. (NASDAQ:WULF)

GSG Advisors LLC bought a new stake in shares of TeraWulf Inc. (NASDAQ:WULFFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,000 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors have also recently modified their holdings of WULF. Swiss National Bank bought a new stake in shares of TeraWulf during the 3rd quarter worth $294,000. Luminus Management LLC lifted its position in shares of TeraWulf by 97.4% during the 3rd quarter. Luminus Management LLC now owns 1,099,393 shares of the company’s stock worth $1,385,000 after buying an additional 542,496 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of TeraWulf during the 3rd quarter worth $144,000. Axxcess Wealth Management LLC lifted its position in shares of TeraWulf by 356.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company’s stock worth $1,260,000 after buying an additional 780,786 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of TeraWulf by 37.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,672,844 shares of the company’s stock worth $4,015,000 after buying an additional 459,997 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. B. Riley dropped their price objective on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Compass Point dropped their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Thursday, March 21st. Cantor Fitzgerald assumed coverage on TeraWulf in a research report on Tuesday, June 11th. They set an “overweight” rating and a $7.00 price objective for the company. Finally, Rosenblatt Securities started coverage on TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price objective for the company. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $4.16.

Check Out Our Latest Analysis on TeraWulf

TeraWulf Price Performance

TeraWulf stock traded down $0.47 during trading hours on Friday, hitting $4.16. The stock had a trading volume of 32,292,662 shares, compared to its average volume of 24,175,110. TeraWulf Inc. has a one year low of $0.89 and a one year high of $4.82. The business’s 50 day simple moving average is $2.63 and its 200-day simple moving average is $2.23.

TeraWulf (NASDAQ:WULFGet Free Report) last posted its earnings results on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $42.43 million during the quarter, compared to the consensus estimate of $41.86 million. TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. Analysts expect that TeraWulf Inc. will post -0.09 EPS for the current year.

Insider Activity

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total value of $227,487.00. Following the completion of the sale, the treasurer now owns 337,245 shares of the company’s stock, valued at $1,096,046.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 24.88% of the company’s stock.

About TeraWulf

(Free Report)

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.

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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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