Aspect Partners LLC Acquires Shares of 5,470 TeraWulf Inc. (NASDAQ:WULF)

Aspect Partners LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,470 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in TeraWulf by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after acquiring an additional 1,764,115 shares during the period. Van ECK Associates Corp grew its position in TeraWulf by 50.8% during the 1st quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock valued at $17,708,000 after purchasing an additional 2,268,870 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in TeraWulf during the 2nd quarter valued at $22,443,000. Hood River Capital Management LLC bought a new position in TeraWulf during the second quarter valued at approximately $20,532,000. Finally, Driehaus Capital Management LLC bought a new position in TeraWulf in the second quarter valued at about $9,948,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on WULF. Needham & Company LLC initiated coverage on shares of TeraWulf in a research report on Wednesday, September 4th. They set a “buy” rating and a $6.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $6.00 price target on shares of TeraWulf in a report on Monday, October 7th. Stifel Canada raised shares of TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, October 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of TeraWulf in a research report on Thursday, October 3rd. Finally, Roth Mkm reissued a “buy” rating and set a $6.50 target price on shares of TeraWulf in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf presently has a consensus rating of “Buy” and a consensus price target of $5.71.

TeraWulf Trading Up 2.2 %

Shares of NASDAQ:WULF traded up $0.10 during trading on Tuesday, hitting $4.59. The company’s stock had a trading volume of 12,498,857 shares, compared to its average volume of 19,929,000. The stock’s 50-day moving average price is $4.25 and its two-hundred day moving average price is $3.67. TeraWulf Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $6.51.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. The business had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. As a group, sell-side analysts predict that TeraWulf Inc. will post -0.1 earnings per share for the current fiscal 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.