TeraWulf Inc. (NASDAQ:WULF) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC decreased its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the company’s stock after selling 20,000 shares during the period. Sargent Investment Group LLC’s holdings in TeraWulf were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WULF. Price T Rowe Associates Inc. MD raised its holdings in TeraWulf by 16.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after buying an additional 6,450 shares during the period. ARS Investment Partners LLC acquired a new position in TeraWulf in the 2nd quarter worth approximately $44,000. Pekin Hardy Strauss Inc. purchased a new position in TeraWulf during the 2nd quarter worth approximately $44,000. Miracle Mile Advisors LLC acquired a new stake in TeraWulf during the 1st quarter valued at $29,000. Finally, Delta Financial Group Inc. lifted its holdings in shares of TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock valued at $116,000 after purchasing an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Down 7.1 %

Shares of NASDAQ:WULF opened at $3.94 on Tuesday. The stock’s 50-day moving average is $4.43 and its 200-day moving average is $3.33. TeraWulf Inc. has a 52-week low of $0.89 and a 52-week high of $6.51.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The business had revenue of $35.57 million during the quarter, compared to the consensus estimate of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. On average, analysts expect that TeraWulf Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WULF shares. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of TeraWulf in a report on Monday, August 26th. Roth Mkm reaffirmed a “buy” rating and set a $6.50 target price on shares of TeraWulf in a research note on Monday, July 8th. Needham & Company LLC started coverage on shares of TeraWulf in a research note on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price objective on the stock. Roth Capital upgraded TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Rosenblatt Securities increased their price target on shares of TeraWulf from $4.20 to $5.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $5.71.

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.