Two Seas Capital LP Takes Position in TeraWulf Inc. $WULF

Key Points

• Two Seas Capital LP acquired 214,371 shares of TeraWulf Inc. valued at approximately $585,000, making it the fund's 22nd largest holding.
• Research analysts have issued varying ratings for TeraWulf, with a consensus target price of $11.22 and multiple analysts upgrading the stock to "buy" or "strong buy".
• TeraWulf's quarterly earnings report showed a revenue increase of 33.9% year-over-year despite a loss that missed consensus estimates.

Two Seas Capital LP bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 214,371 shares of the company's stock, valued at approximately $585,000. TeraWulf accounts for approximately 0.0% of Two Seas Capital LP's holdings, making the stock its 22nd biggest position. Two Seas Capital LP owned about 0.06% of TeraWulf at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in TeraWulf in the 1st quarter worth approximately $3,702,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TeraWulf in the 4th quarter worth approximately $7,591,000. Wellington Management Group LLP boosted its holdings in TeraWulf by 1,760.0% in the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock worth $6,671,000 after buying an additional 1,115,228 shares during the period. Aurelius Capital Management LP bought a new position in TeraWulf in the 1st quarter worth approximately $2,520,000. Finally, Cresset Asset Management LLC boosted its holdings in TeraWulf by 3,930.6% in the 1st quarter. Cresset Asset Management LLC now owns 880,687 shares of the company's stock worth $2,404,000 after buying an additional 858,837 shares during the period. 62.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on WULF shares. Cantor Fitzgerald raised their price objective on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Rosenblatt Securities increased their target price on shares of TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Wall Street Zen cut shares of TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a research note on Thursday, May 22nd. Finally, Northland Securities increased their target price on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $11.22.

TeraWulf Price Performance

Shares of TeraWulf stock traded up $1.10 on Tuesday, hitting $10.30. 68,762,927 shares of the company traded hands, compared to its average volume of 63,506,424. The firm's 50-day simple moving average is $6.67 and its 200 day simple moving average is $4.52. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. The company has a market cap of $4.20 billion, a P/E ratio of -29.43 and a beta of 3.36. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $10.71.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted 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). The company had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business's quarterly revenue was up 33.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. Analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the business's 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 transaction, the director owned 40,769 shares in the company, valued at approximately $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.48% of the company's stock.

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.