Dimensional Fund Advisors LP Sells 3,856 Shares of TeraWulf Inc. (NASDAQ:WULF)

Dimensional Fund Advisors LP lowered its holdings in TeraWulf Inc. (NASDAQ:WULF) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 409,790 shares of the company’s stock after selling 3,856 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.12% of TeraWulf worth $1,824,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of TeraWulf by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after purchasing an additional 1,764,115 shares in the last quarter. Van ECK Associates Corp lifted its position in TeraWulf by 50.8% during the first quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock valued at $17,708,000 after acquiring an additional 2,268,870 shares during the last quarter. Bank of New York Mellon Corp lifted its position in TeraWulf by 97.8% during the second quarter. Bank of New York Mellon Corp now owns 844,292 shares of the company’s stock valued at $3,757,000 after acquiring an additional 417,369 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in TeraWulf by 20.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 457,175 shares of the company’s stock valued at $2,034,000 after acquiring an additional 76,714 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in TeraWulf by 66.8% during the second quarter. Rhumbline Advisers now owns 299,545 shares of the company’s stock valued at $1,333,000 after acquiring an additional 119,911 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $6.50 target price on shares of TeraWulf in a research report on Monday, July 8th. Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of TeraWulf in a research report on Tuesday. B. Riley reissued a “buy” rating and set a $6.00 target price on shares of TeraWulf in a research report on Monday, October 7th. Roth Capital raised shares of TeraWulf to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, Stifel Canada raised shares of TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, October 4th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf has a consensus rating of “Buy” and an average price target of $5.71.

TeraWulf Stock Up 7.1 %

NASDAQ WULF opened at $4.21 on Friday. The company has a fifty day simple moving average of $4.24 and a two-hundred day simple moving average of $3.64. TeraWulf Inc. has a 12-month low of $0.89 and a 12-month high of $6.51.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $35.57 million during the quarter, compared to analyst estimates of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. On average, research analysts expect that TeraWulf Inc. will post -0.1 earnings per share 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.