Victory Capital Management Inc. Has $528,000 Holdings in TeraWulf Inc. (NASDAQ:WULF)

Victory Capital Management Inc. lifted its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 167.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 93,288 shares of the company’s stock after acquiring an additional 58,422 shares during the period. Victory Capital Management Inc.’s holdings in TeraWulf were worth $528,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. FMR LLC grew its position in shares of TeraWulf by 22.0% during the 3rd 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 period. ARS Investment Partners LLC grew 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 worth $68,000 after buying an additional 2,000 shares during the period. Truist Financial Corp grew 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 worth $297,000 after buying an additional 2,500 shares during the period. KBC Group NV grew its position in shares of TeraWulf by 49.3% during the 4th quarter. KBC Group NV now owns 12,349 shares of the company’s stock worth $70,000 after buying an additional 4,077 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of TeraWulf by 20.5% during the 4th quarter. Apollon Wealth Management LLC now owns 26,612 shares of the company’s stock worth $151,000 after buying an additional 4,529 shares during the period. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF opened at $3.20 on Friday. TeraWulf Inc. has a twelve month low of $1.82 and a twelve month high of $9.30. The firm’s 50 day moving average price is $4.51 and its two-hundred day moving average price is $5.46. The firm has a market cap of $1.23 billion, a P/E ratio of -16.00 and a beta of 2.70.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, February 28th. The company reported ($0.08) earnings per share 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 company had revenue of $35.00 million during the quarter, compared to the consensus estimate of $37.43 million. The firm’s quarterly revenue was up 50.2% compared to the same quarter last year. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

WULF has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a research report on Monday, March 3rd. B. Riley boosted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC restated a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. Finally, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $9.50.

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.