SBI Securities Co. Ltd. Makes New $988,000 Investment in TeraWulf Inc. (NASDAQ:WULF)

SBI Securities Co. Ltd. bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 174,560 shares of the company’s stock, valued at approximately $988,000.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its stake in TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after buying an additional 1,408 shares during the last quarter. Chesapeake Capital Corp IL raised its holdings in shares of TeraWulf by 6.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after acquiring an additional 1,700 shares during the period. ARS Investment Partners LLC boosted its position in shares of TeraWulf by 20.0% during the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock valued at $68,000 after acquiring an additional 2,000 shares during the last quarter. Truist Financial Corp boosted its position in shares of TeraWulf by 5.0% during the 4th quarter. Truist Financial Corp now owns 52,500 shares of the company’s stock valued at $297,000 after acquiring an additional 2,500 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of TeraWulf by 49.3% in the fourth quarter. KBC Group NV now owns 12,349 shares of the company’s stock valued at $70,000 after purchasing an additional 4,077 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Monday. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. Northland Securities reissued an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, B. Riley upped their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, TeraWulf presently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Price Performance

NASDAQ:WULF opened at $3.67 on Tuesday. The firm has a market capitalization of $1.42 billion, a PE ratio of -18.35 and a beta of 2.59. The business’s fifty day moving average price is $5.22 and its 200 day moving average price is $5.59. TeraWulf Inc. has a 12 month low of $1.57 and a 12 month high of $9.30.

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