Hel Ved Capital Management Ltd Acquires New Shares in TeraWulf Inc. (NASDAQ:WULF)

Hel Ved Capital Management Ltd purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 398,500 shares of the company’s stock, valued at approximately $2,256,000. Hel Ved Capital Management Ltd owned approximately 0.10% of TeraWulf as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new position in TeraWulf in the 4th quarter valued at approximately $32,000. FMR LLC raised its position in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in TeraWulf during the 3rd quarter worth about $47,000. Stifel Financial Corp bought a new stake in shares of TeraWulf in the 3rd quarter valued at about $47,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of TeraWulf in the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Price Performance

Shares of WULF opened at $2.60 on Friday. TeraWulf Inc. has a one year low of $1.82 and a one year high of $9.30. The company has a market cap of $995.85 million, a PE ratio of -13.00 and a beta of 2.70. The stock has a 50-day moving average of $3.88 and a 200-day moving average of $5.38.

TeraWulf (NASDAQ:WULF) last announced 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). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. TeraWulf’s revenue was up 50.2% compared to the same quarter last year. Analysts expect that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on WULF. Keefe, Bruyette & Woods started coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a “market perform” rating on the stock. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Monday, March 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. B. Riley boosted their target price 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, Needham & Company LLC reiterated a “buy” rating and set a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $8.71.

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.