Aspect Partners LLC Invests $26,000 in TeraWulf Inc. (NASDAQ:WULF)

Aspect Partners LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,470 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank increased its stake in TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TeraWulf by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after purchasing an additional 6,450 shares during the last quarter. ARS Investment Partners LLC purchased a new position in shares of TeraWulf in the 2nd quarter valued at $44,000. Pekin Hardy Strauss Inc. purchased a new stake in TeraWulf in the 2nd quarter valued at $44,000. Finally, Miracle Mile Advisors LLC purchased a new stake in TeraWulf in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

WULF traded up $0.10 during trading on Tuesday, reaching $4.59. The company had a trading volume of 12,498,857 shares, compared to its average volume of 19,929,000. TeraWulf Inc. has a 12 month low of $0.89 and a 12 month high of $6.51. The business’s fifty day moving average price is $4.25 and its 200 day moving average price is $3.67.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. The firm had revenue of $35.57 million during the quarter, compared to analyst estimates of $35.73 million. On average, analysts forecast that TeraWulf Inc. will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on WULF. Roth Capital raised TeraWulf to a “strong-buy” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities reissued a “buy” rating and set a $5.00 price objective on shares of TeraWulf in a report on Tuesday, October 8th. Roth Mkm reaffirmed a “buy” rating and issued a $6.50 price target on shares of TeraWulf in a report on Monday, July 8th. Needham & Company LLC began coverage on shares of TeraWulf in a research note on Wednesday, September 4th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of TeraWulf in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, TeraWulf currently has a consensus rating of “Buy” and an average 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.