Kraematon Investment Advisors Inc. Buys Shares of 15,500 TeraWulf Inc. (NASDAQ:WULF)

Kraematon Investment Advisors Inc. bought a new stake in TeraWulf Inc. (NASDAQ:WULF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,500 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds have also recently added to or reduced their stakes in WULF. Senator Investment Group LP acquired a new position in TeraWulf in the fourth quarter valued at about $24,371,000. Science & Technology Partners L.P. acquired a new stake in shares of TeraWulf during the fourth quarter worth about $18,606,000. BIT Capital GmbH raised its position in shares of TeraWulf by 169.4% during the fourth quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock worth $22,503,000 after purchasing an additional 2,499,865 shares during the period. Van ECK Associates Corp raised its position in shares of 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 purchasing an additional 2,028,383 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of TeraWulf during the fourth quarter worth about $10,970,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $4.35 on Friday. The business’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $4.53. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $9.30. The firm has a market cap of $1.67 billion, a PE ratio of -13.18 and a beta of 3.09.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $34.41 million during the quarter, compared to the consensus estimate of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, equities research analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WULF shares. Jones Trading started coverage on TeraWulf in a research report on Monday, March 31st. They set a “buy” rating and a $4.00 price target on the stock. Citizens Jmp raised TeraWulf to a “strong-buy” rating and set a $7.00 price target on the stock in a research report on Thursday, May 22nd. Rosenblatt Securities dropped their price target on TeraWulf from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Finally, JMP Securities started coverage on TeraWulf in a research report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $7.67.

TeraWulf 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.