Voya Investment Management LLC Has $4.29 Million Holdings in TeraWulf Inc. $WULF

Voya Investment Management LLC lifted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 420.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 375,754 shares of the company’s stock after purchasing an additional 303,583 shares during the period. Voya Investment Management LLC’s holdings in TeraWulf were worth $4,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WULF. Bank of America Corp DE raised its position in 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. increased its stake in shares of 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 buying an additional 493,001 shares during the period. Tidal Investments LLC increased its stake in shares of 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 buying an additional 150,346 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 boosted 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 during the period. Institutional investors own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WULF shares. B. Riley raised their price target on shares of TeraWulf from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of TeraWulf in a research report on Tuesday, November 11th. Wall Street Zen downgraded TeraWulf from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research note on Monday. Finally, Citizens Jmp lifted their price objective on TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf presently has a consensus rating of “Moderate Buy” and an average target price of $18.75.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Michael C. Bucella purchased 4,178 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $12.01 per share, for a total transaction of $50,177.78. Following the acquisition, the director owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. This represents a 1.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 19.90% of the company’s stock.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $12.26 on Friday. The business has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $9.78. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $17.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.45. The company has a market cap of $5.13 billion, a P/E ratio of -8.63 and a beta of 3.83.

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

TeraWulf Company 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.