Universal Beteiligungs und Servicegesellschaft mbH Has $11.64 Million Stock Holdings in TeraWulf Inc. $WULF

Universal Beteiligungs und Servicegesellschaft mbH raised its position in TeraWulf Inc. (NASDAQ:WULF) by 53.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,019,299 shares of the company’s stock after acquiring an additional 353,337 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of TeraWulf worth $11,640,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in WULF. Bank of America Corp DE raised its holdings in shares of TeraWulf by 22.2% in the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after purchasing an additional 2,617,617 shares during the last quarter. Hodges Capital Management Inc. grew its position in TeraWulf by 13.8% in the second quarter. Hodges Capital Management Inc. now owns 4,062,480 shares of the company’s stock valued at $17,794,000 after purchasing an additional 493,001 shares in the last quarter. Tidal Investments LLC grew its position in TeraWulf by 6.0% in the second quarter. Tidal Investments LLC now owns 2,673,105 shares of the company’s stock valued at $11,708,000 after purchasing an additional 150,346 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TeraWulf by 64.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company’s stock valued at $11,590,000 after buying an additional 1,033,073 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in TeraWulf by 5.7% during the 2nd quarter. Vident Advisory LLC now owns 2,500,483 shares of the company’s stock worth $10,952,000 after buying an additional 134,241 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JMP Securities set a $22.00 price objective on TeraWulf in a report on Wednesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $21.00 price target on shares of TeraWulf in a research note on Tuesday, November 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $18.00 price objective on shares of TeraWulf in a research note on Tuesday, December 23rd. Wall Street Zen downgraded TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Finally, Compass Point set a $17.00 target price on shares of TeraWulf and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Twelve research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.15.

TeraWulf Stock Performance

WULF opened at $14.12 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.45. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $17.05. The business has a 50 day moving average of $13.26 and a 200-day moving average of $11.09. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of -9.94 and a beta of 3.69.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Monday, November 10th. The company reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.09). TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The business had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. TeraWulf’s revenue was up 86.9% on a year-over-year basis. On average, equities research analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Insider Activity at TeraWulf

In related news, Director Michael C. Bucella acquired 4,178 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of $12.01 per share, with a total value of $50,177.78. Following the completion of the transaction, the director directly owned 266,958 shares of the company’s stock, valued at $3,206,165.58. This trade represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 19.90% of the stock is currently owned by corporate insiders.

TeraWulf Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.