923,031 Shares in TeraWulf Inc. $WULF Acquired by Aurelius Capital Management LP

Key Points

• Aurelius Capital Management LP has acquired a new stake in TeraWulf Inc. valued at approximately $2.52 million, making it the second largest position in their portfolio.
• Several other hedge funds have also increased their holdings, with a total of 62.49% of TeraWulf's stock now owned by institutional investors.
• Wall Street analysts have recently raised their price targets for TeraWulf, with the average price target now at $10.89 and a consensus rating of "Buy" for the stock.

Aurelius Capital Management LP acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 923,031 shares of the company's stock, valued at approximately $2,520,000. TeraWulf accounts for 26.6% of Aurelius Capital Management LP's portfolio, making the stock its 2nd biggest position. Aurelius Capital Management LP owned approximately 0.24% of TeraWulf at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in TeraWulf by 2.3% during the first quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock worth $65,193,000 after acquiring an additional 534,315 shares during the period. Driehaus Capital Management LLC increased its stake in shares of TeraWulf by 3.4% in the fourth quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock valued at $72,070,000 after purchasing an additional 412,877 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TeraWulf by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock valued at $30,387,000 after purchasing an additional 955,795 shares during the period. Northern Trust Corp increased its stake in shares of TeraWulf by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,603,141 shares of the company's stock valued at $14,734,000 after purchasing an additional 352,202 shares during the period. Finally, Vident Advisory LLC increased its stake in shares of TeraWulf by 34.7% in the fourth quarter. Vident Advisory LLC now owns 2,048,076 shares of the company's stock valued at $11,592,000 after purchasing an additional 527,662 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WULF. Cantor Fitzgerald raised their price target on shares of TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Rosenblatt Securities raised their price target on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Roth Capital raised their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, August 15th. JMP Securities raised their price target on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Finally, Northland Securities raised their price target on shares of TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, TeraWulf has an average rating of "Buy" and an average price target of $11.22.

Insider Activity at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction that occurred on 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 sale, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.48% of the stock is owned by corporate insiders.

TeraWulf Price Performance

Shares of NASDAQ WULF traded down $0.11 during mid-day trading on Wednesday, reaching $9.13. 29,356,086 shares of the company traded hands, compared to its average volume of 46,037,211. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $10.71. 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 $3.58 billion, a PE ratio of -26.09 and a beta of 3.17. The stock has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $4.20.

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