15,465 Shares in TeraWulf Inc. (NASDAQ:WULF) Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC purchased a new position in TeraWulf Inc. (NASDAQ:WULF) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,465 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kraematon Investment Advisors Inc. acquired a new stake in TeraWulf during the 1st quarter worth about $42,000. Intellectus Partners LLC boosted its stake in shares of TeraWulf by 43.4% in the first quarter. Intellectus Partners LLC now owns 38,000 shares of the company’s stock worth $104,000 after buying an additional 11,500 shares during the last quarter. Edge Wealth Management LLC acquired a new stake in TeraWulf during the first quarter worth about $55,000. RFG Advisory LLC purchased a new position in TeraWulf during the first quarter valued at approximately $290,000. Finally, NBC Securities Inc. acquired a new position in TeraWulf in the first quarter valued at approximately $305,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Price Performance

NASDAQ:WULF opened at $4.35 on Monday. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -13.18 and a beta of 3.09. The firm’s fifty day moving average price is $3.16 and its 200 day moving average price is $4.52. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $9.30.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) 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 analysts’ expectations of $45.72 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm’s revenue was down 18.9% compared to the same quarter last year. As a group, analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WULF shares. Rosenblatt Securities lowered their target price on shares of TeraWulf from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Jones Trading began 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 upgraded TeraWulf to a “strong-buy” rating and set a $7.00 price objective for the company in a research report on Thursday, May 22nd. Finally, JMP Securities initiated coverage on TeraWulf in a research report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $7.67.

About TeraWulf

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.