Swiss National Bank Acquires 75,500 Shares of TeraWulf Inc. (NASDAQ:WULF)

Swiss National Bank lifted its holdings in TeraWulf Inc. (NASDAQ:WULF) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 564,300 shares of the company’s stock after acquiring an additional 75,500 shares during the period. Swiss National Bank’s holdings in TeraWulf were worth $3,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WULF. Geode Capital Management LLC lifted its stake in shares of TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after purchasing an additional 820,354 shares during the last quarter. State Street Corp lifted its position in TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after buying an additional 227,186 shares during the last quarter. Van ECK Associates Corp boosted its stake in TeraWulf by 74.2% during the fourth quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock worth $26,964,000 after buying an additional 2,028,383 shares during the period. Charles Schwab Investment Management Inc. increased its position in TeraWulf by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock valued at $13,980,000 after acquiring an additional 105,997 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of TeraWulf by 8.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company’s stock valued at $12,487,000 after acquiring an additional 178,620 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, March 3rd. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. B. Riley increased their target price on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.50.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $2.91 on Thursday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -14.55 and a beta of 2.70. The firm’s 50-day moving average is $4.36 and its two-hundred day moving average is $5.45. TeraWulf Inc. has a 1 year low of $1.82 and a 1 year high of $9.30.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million for 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%. TeraWulf’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, equities analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.