GM Advisory Group LLC Sells 10,000 Shares of TeraWulf Inc. (NASDAQ:WULF)

GM Advisory Group LLC trimmed its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,804 shares of the company’s stock after selling 10,000 shares during the quarter. GM Advisory Group LLC owned 0.06% of TeraWulf worth $1,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of TeraWulf by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after purchasing an additional 4,093 shares during the period. KBC Group NV bought a new position in TeraWulf during the third quarter worth $39,000. Intech Investment Management LLC acquired a new position in TeraWulf in the third quarter valued at $340,000. Charles Schwab Investment Management Inc. boosted its position in TeraWulf by 258.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in TeraWulf by 66.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 145,554 shares of the company’s stock worth $681,000 after acquiring an additional 58,235 shares during the period. 62.49% of the stock is owned by institutional investors.

TeraWulf Stock Down 9.2 %

Shares of WULF opened at $2.96 on Wednesday. TeraWulf Inc. has a 12-month low of $1.57 and a 12-month high of $9.30. The business’s fifty day moving average is $4.64 and its 200 day moving average is $5.50. The stock has a market cap of $1.14 billion, a P/E ratio of -14.80 and a beta of 2.70.

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

Wall Street Analyst Weigh In

WULF has been the topic of a number of recent analyst reports. Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Monday, March 3rd. B. Riley increased 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. Finally, Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, TeraWulf presently has a consensus rating of “Buy” and a consensus price target of $8.64.

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.