Thoroughbred Financial Services LLC Buys 12,250 Shares of TeraWulf Inc. $WULF

Thoroughbred Financial Services LLC grew its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,250 shares of the company’s stock after purchasing an additional 12,250 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in TeraWulf were worth $609,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in TeraWulf during the 1st quarter valued at $29,000. Nisa Investment Advisors LLC boosted its holdings in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock worth $29,000 after purchasing an additional 3,784 shares during the period. Arete Wealth Advisors LLC purchased a new stake in shares of TeraWulf during the first quarter worth about $33,000. Comerica Bank grew its stake in shares of TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in TeraWulf during the 2nd quarter valued at about $46,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Up 2.0%

Shares of TeraWulf stock opened at $11.21 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 company has a 50-day moving average of $12.68 and a 200 day moving average of $7.86. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -31.95 and a beta of 3.57. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.05.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $50.58 million for the quarter, compared to the consensus estimate of $56.27 million. TeraWulf’s quarterly revenue was up 86.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WULF has been the subject of several research analyst reports. JMP Securities set a $22.00 price objective on TeraWulf in a report on Wednesday, October 29th. Cantor Fitzgerald raised their price target on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Oppenheimer started coverage on shares of TeraWulf in a research report on Tuesday, October 28th. They set an “outperform” rating and a $20.00 price objective on the stock. Citigroup restated a “market outperform” rating on shares of TeraWulf in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeraWulf in a research report on Wednesday, October 8th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.42.

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.