Florida Financial Advisors LLC Buys New Holdings in TeraWulf Inc. (NASDAQ:WULF)

Florida Financial Advisors LLC purchased a new position in TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,888 shares of the company’s stock, valued at approximately $73,000.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after purchasing an additional 1,704,013 shares during the last quarter. State Street Corp grew its holdings in TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of TeraWulf during the fourth quarter valued at about $651,000. Intech Investment Management LLC bought a new stake in shares of TeraWulf in the third quarter worth about $340,000. Finally, Barclays PLC raised its position in TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after purchasing an additional 343,016 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $3.28 on Wednesday. The stock’s fifty day moving average is $4.43 and its 200 day moving average is $5.47. TeraWulf Inc. has a one year low of $1.82 and a one year high of $9.30. The stock has a market cap of $1.26 billion, a P/E ratio of -16.40 and a beta of 2.70.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WULF shares. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating for the company. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research report on Monday, March 3rd. 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 price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, TeraWulf presently has an average rating of “Buy” and an average price target 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.