111 Capital Makes New Investment in TeraWulf Inc. $WULF

Key Points

• 111 Capital acquired a new position in TeraWulf Inc., purchasing 29,428 shares valued at approximately $129,000 during the 2nd quarter of the year.
• Analysts have recently increased their price targets for TeraWulf, with JMP Securities setting it at $13.00 and Northland Securities at $15.00, indicating a generally positive sentiment for the stock.
• Shares of TeraWulf have shown significant growth, currently trading at $12.10, compared to a fifty-two week low of $2.06 and a high of $12.65.

111 Capital bought a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 29,428 shares of the company's stock, valued at approximately $129,000.

Several other hedge funds have also made changes to their positions in the company. Greenleaf Trust purchased a new stake in shares of TeraWulf in the 2nd quarter worth $83,000. Camelot Portfolios LLC bought a new position in shares of TeraWulf in the 2nd quarter worth $88,000. Caitlin John LLC bought a new position in shares of TeraWulf in the 2nd quarter worth $46,000. Harbour Capital Advisors LLC bought a new position in shares of TeraWulf in the 2nd quarter worth $470,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of TeraWulf by 7.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 729,734 shares of the company's stock worth $3,196,000 after acquiring an additional 48,573 shares in the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities boosted their price target on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Northland Securities boosted their price target on TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Rosenblatt Securities boosted their price target on TeraWulf from $12.00 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Compass Point assumed coverage on TeraWulf in a research report on Monday, September 15th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction on Friday, August 15th. The stock was 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 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 filing with the SEC, which is available at the SEC website. 19.90% of the stock is currently owned by corporate insiders.

TeraWulf Stock Up 1.1%

Shares of WULF stock opened at $12.10 on Wednesday. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $12.65. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $4.94 billion, a PE ratio of -34.57 and a beta of 3.44. The stock's 50-day simple moving average is $9.12 and its 200-day simple moving average is $5.61.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $47.64 million during the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 33.9% compared to the same quarter last year. Equities analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.

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