Orion Portfolio Solutions LLC Acquires New Holdings in TeraWulf Inc. (NASDAQ:WULF)

Orion Portfolio Solutions LLC bought a new position in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,924 shares of the company’s stock, valued at approximately $79,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $32,000. FMR LLC boosted its holdings in TeraWulf by 22.0% during 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 during the period. Stifel Financial Corp acquired a new stake in shares of TeraWulf in the third quarter valued at about $47,000. Perigon Wealth Management LLC acquired a new position in shares of TeraWulf during the 4th quarter worth about $59,000. Finally, R Squared Ltd bought a new stake in TeraWulf during the 4th quarter valued at approximately $61,000. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

WULF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Jones Trading started coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a “buy” rating and a $4.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. Finally, B. Riley increased their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $7.86.

TeraWulf Trading Up 6.2 %

NASDAQ WULF opened at $2.38 on Friday. TeraWulf Inc. has a 1-year low of $1.82 and a 1-year high of $9.30. The company has a market capitalization of $911.59 million, a price-to-earnings ratio of -11.90 and a beta of 2.76. The stock’s 50 day moving average is $3.55 and its two-hundred day moving average is $5.27.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.08) 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 analyst estimates 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 revenue for the quarter was up 50.2% on a year-over-year basis. On average, analysts predict that TeraWulf Inc. will post -0.17 earnings per share 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.