Ieq Capital LLC Makes New $285,000 Investment in TeraWulf Inc. (NASDAQ:WULF)

Ieq Capital LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, HoldingsChannel reports. The firm purchased 50,401 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after purchasing an additional 1,704,013 shares during the period. State Street Corp lifted its holdings in shares of TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth approximately $651,000. Intech Investment Management LLC bought a new position in TeraWulf in the third quarter valued at approximately $340,000. Finally, Barclays PLC raised its position in TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after purchasing an additional 343,016 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WULF shares. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Keefe, Bruyette & Woods initiated coverage on TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating for the company. B. Riley increased their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Up 16.1 %

TeraWulf stock opened at $4.19 on Friday. The business has a 50 day moving average of $5.26 and a 200-day moving average of $5.56. TeraWulf Inc. has a 1 year low of $1.57 and a 1 year high of $9.30.

TeraWulf (NASDAQ:WULF) last announced 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 business 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 business’s quarterly revenue was up 50.2% on a year-over-year basis. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

About TeraWulf

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.