Banco Bilbao Vizcaya Argentaria S.A. Makes New $263,000 Investment in TeraWulf Inc. $WULF

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has acquired 94,638 shares of TeraWulf Inc. during the first quarter, with a total investment value of approximately $263,000.
• TeraWulf has received mixed ratings from analysts, with two analysts giving a "Strong Buy" rating, while others have lowered their ratings, resulting in an overall consensus target price of $10.89.
• In its latest quarterly earnings report, TeraWulf reported a revenue of $47.64 million, exceeding analysts' expectations, despite a loss of ($0.05) EPS.

Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,638 shares of the company's stock, valued at approximately $263,000.

Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC increased its position in shares of TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after buying an additional 3,054 shares during the period. Calamos Advisors LLC acquired a new stake in shares of TeraWulf during the first quarter worth $33,000. Forum Financial Management LP acquired a new stake in shares of TeraWulf during the fourth quarter worth $68,000. Rafferty Asset Management LLC acquired a new stake in shares of TeraWulf during the fourth quarter worth $69,000. Finally, Crestline Management LP acquired a new stake in shares of TeraWulf during the fourth quarter worth $76,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WULF has been the subject of several recent analyst reports. Northland Securities increased their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday. Cantor Fitzgerald raised their price target on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of TeraWulf from a "hold" rating to a "sell" rating in a report on Sunday. B. Riley raised their price target on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, Roth Capital raised their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $11.22.

TeraWulf Stock Up 3.4%

Shares of TeraWulf stock traded up $0.31 during trading hours on Thursday, reaching $9.44. The company's stock had a trading volume of 41,175,820 shares, compared to its average volume of 46,012,445. TeraWulf Inc. has a one year low of $2.06 and a one year high of $10.71. The company has a market capitalization of $3.70 billion, a P/E ratio of -26.97 and a beta of 3.17. The stock's fifty day simple moving average is $5.70 and its two-hundred day simple moving average is $4.24. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share 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 business had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. During the same period last year, the business posted ($0.03) earnings per share. The firm's quarterly revenue was up 33.9% on a year-over-year basis. On average, research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the firm's 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 sale, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 24.88% of the stock is owned by insiders.

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.