Charles Schwab Investment Management Inc. Increases Position in TeraWulf Inc. (NASDAQ:WULF)

Charles Schwab Investment Management Inc. lifted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,469,948 shares of the company’s stock after buying an additional 105,997 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TeraWulf were worth $13,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after buying an additional 227,186 shares during the period. GoalVest Advisory LLC purchased a new position in shares of TeraWulf during the fourth quarter valued at approximately $651,000. Intech Investment Management LLC purchased a new position in shares of TeraWulf during the third quarter valued at approximately $340,000. Barclays PLC lifted its stake in shares of 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 buying an additional 343,016 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in TeraWulf by 6.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,316,786 shares of the company’s stock worth $7,453,000 after purchasing an additional 83,008 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Ratings Changes

WULF has been the topic of a number of research analyst reports. Northland Securities reiterated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. B. Riley lifted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and an average price target of $9.50.

TeraWulf Trading Down 0.3 %

Shares of WULF stock opened at $3.20 on Friday. The company’s fifty day simple moving average is $4.51 and its 200-day simple moving average is $5.46. TeraWulf Inc. has a 52 week low of $1.82 and a 52 week high of $9.30. The company has a market cap of $1.23 billion, a PE ratio of -16.00 and a beta of 2.70.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $35.00 million during the quarter, compared to analysts’ expectations of $37.43 million. TeraWulf’s revenue was up 50.2% on a year-over-year basis. Equities research analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal 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.