Nisa Investment Advisors LLC Grows Position in TeraWulf Inc. $WULF

Nisa Investment Advisors LLC grew its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 135.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,575 shares of the company’s stock after acquiring an additional 3,784 shares during the quarter. Nisa Investment Advisors LLC’s holdings in TeraWulf were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of TeraWulf during the first quarter valued at about $29,000. Caitlin John LLC bought a new stake in TeraWulf in the 2nd quarter worth about $46,000. Vanguard Personalized Indexing Management LLC purchased a new stake in TeraWulf in the 2nd quarter valued at about $48,000. Sax Wealth Advisors LLC bought a new position in shares of TeraWulf during the 2nd quarter worth approximately $49,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of TeraWulf in the 1st quarter worth approximately $33,000. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald upped their target price on TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Roth Capital upped their price objective on TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a research note on Friday, August 15th. Oppenheimer started coverage on TeraWulf in a research note on Tuesday, October 28th. They set an “outperform” rating and a $20.00 target price on the stock. B. Riley reissued a “buy” rating on shares of TeraWulf in a report on Wednesday, October 22nd. Finally, Citizens Jmp raised their price objective on shares of TeraWulf from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the transaction, the director owned 40,769 shares in the company, valued at $352,244.16. This trade represents a 10.14% decrease 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. 19.90% of the stock is owned by insiders.

TeraWulf Stock Down 7.0%

Shares of NASDAQ WULF opened at $14.28 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $5.83 billion, a PE ratio of -40.80 and a beta of 3.56. TeraWulf Inc. has a one year low of $2.06 and a one year high of $17.05. The business’s fifty day moving average price is $12.27 and its 200-day moving average price is $7.38.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm had revenue of $47.64 million during the quarter, compared to analysts’ expectations of $46.30 million. During the same period last year, the business posted ($0.03) EPS. The company’s revenue was up 33.9% compared to the same quarter last year. On average, equities research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

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.