TeraWulf Inc. $WULF Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. lifted its stake in TeraWulf Inc. (NASDAQ:WULF) by 126.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,500 shares of the company’s stock after buying an additional 74,000 shares during the period. First Dallas Securities Inc.’s holdings in TeraWulf were worth $580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WULF. Harvest Portfolios Group Inc. boosted its stake in TeraWulf by 66.0% in the second quarter. Harvest Portfolios Group Inc. now owns 171,455 shares of the company’s stock valued at $751,000 after acquiring an additional 68,172 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TeraWulf by 5.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock valued at $181,000 after purchasing an additional 2,258 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of TeraWulf by 135.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after purchasing an additional 3,784 shares during the period. Strait & Sound Wealth Management LLC purchased a new position in TeraWulf during the 2nd quarter worth approximately $69,000. Finally, Anthracite Investment Company Inc. purchased a new position in TeraWulf during the 2nd quarter worth approximately $158,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Stock Performance

NASDAQ:WULF opened at $13.94 on Monday. 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 firm has a market cap of $5.69 billion, a price-to-earnings ratio of -39.83 and a beta of 3.57. The firm’s fifty day moving average price is $12.36 and its 200 day moving average price is $7.53. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $17.05.

TeraWulf (NASDAQ:WULF) last released its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm’s revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, sell-side analysts expect that TeraWulf Inc. will post -0.17 EPS for the current year.

Insider Transactions at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares of the company’s stock, valued at $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WULF. UBS Group set a $18.25 price objective on TeraWulf in a report on Friday, October 24th. Needham & Company LLC increased their price target on shares of TeraWulf from $11.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Compass Point set a $17.00 price objective on shares of TeraWulf and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Roth Capital upped their target price on shares of TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a report on Friday, August 15th. Finally, Northland Securities set a $23.25 target price on shares of TeraWulf 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.67.

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.