Marshall Wace LLP Lowers Stake in TeraWulf Inc. (NASDAQ:WULF)

Marshall Wace LLP lowered its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 98.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,950 shares of the company’s stock after selling 783,475 shares during the period. Marshall Wace LLP’s holdings in TeraWulf were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WULF. Miracle Mile Advisors LLC acquired a new position in shares of TeraWulf in the first quarter valued at approximately $29,000. Amalgamated Bank boosted its stake in shares of TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the period. ARS Investment Partners LLC purchased a new position in shares of TeraWulf in the second quarter valued at $44,000. Pekin Hardy Strauss Inc. purchased a new position in shares of TeraWulf in the second quarter valued at $44,000. Finally, PEAK6 Investments LLC purchased a new position in shares of TeraWulf in the first quarter valued at $64,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WULF. Needham & Company LLC started 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. Roth Mkm restated a “buy” rating and issued a $6.50 price target on shares of TeraWulf in a research report on Monday, July 8th. Stifel Canada upgraded shares of TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Thursday, October 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of TeraWulf in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, TeraWulf presently has a consensus rating of “Buy” and an average price target of $5.71.

TeraWulf Stock Up 7.1 %

Shares of WULF opened at $4.21 on Monday. The firm’s 50 day moving average price is $4.24 and its 200 day moving average price is $3.66. TeraWulf Inc. has a twelve month low of $0.89 and a twelve month high of $6.51.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.03) 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 the consensus estimate of $35.73 million. As a group, equities analysts forecast that TeraWulf Inc. will post -0.1 earnings per share for the current fiscal year.

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.