Beacon Pointe Advisors LLC Makes New $1.89 Million Investment in TeraWulf Inc. $WULF

Key Points

• Beacon Pointe Advisors purchased 76,323 TeraWulf shares worth approximately $1.89 million in the second quarter. Institutional investors collectively own 62.49% of WULF.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $34.21, despite one “sell” rating.
• TeraWulf reported a significant quarterly loss of $1.94 per share, missing estimates by $1.70, while revenue declined 6% year over year to $44.77 million. Separately, CEO Paul Prager sold shares under a Rule 10b5-1 plan, while director Michael Bucella made a smaller purchase.

Beacon Pointe Advisors LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 76,323 shares of the company's stock, valued at approximately $1,885,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WULF. Advisory Services Network LLC acquired a new position in shares of TeraWulf in the 3rd quarter valued at about $29,000. Vermillion Wealth Management Inc. grew its holdings in shares of TeraWulf by 1,191.0% during the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after purchasing an additional 2,394 shares during the period. Solstein Capital LLC acquired a new stake in TeraWulf during the 4th quarter worth approximately $34,000. Comerica Bank increased its position in TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after purchasing an additional 12,370 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after buying an additional 747 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

Insider Activity

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the completion of the transaction, the chief executive officer directly owned 3,807,552 shares of the company's stock, valued at $64,956,837.12. The trade was a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella bought 2,860 shares of the firm's stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $17.47 per share, with a total value of $49,964.20. Following the transaction, the director owned 344,704 shares in the company, valued at $6,021,978.88. The trade was a 0.84% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 15.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WULF. Chardan Capital reaffirmed a "buy" rating and set a $32.00 price target on shares of TeraWulf in a research report on Wednesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating and issued a $37.00 price objective on shares of TeraWulf in a research report on Wednesday, July 15th. HC Wainwright reissued a "buy" rating on shares of TeraWulf in a research note on Friday, August 21st. Weiss Ratings restated a "sell (d-)" rating on shares of TeraWulf in a report on Wednesday, June 24th. Finally, Bank of America began coverage on shares of TeraWulf in a research report on Monday, June 15th. They set a "buy" rating and a $34.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.21.

TeraWulf Stock Performance

Shares of NASDAQ WULF opened at $15.35 on Monday. TeraWulf Inc. has a 12-month low of $8.60 and a 12-month high of $29.84. The company has a market cap of $7.66 billion, a price-to-earnings ratio of -3.51 and a beta of 3.76. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The stock's 50 day simple moving average is $19.51 and its 200 day simple moving average is $19.72.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($1.70). The company had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.TeraWulf's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Equities research analysts expect that TeraWulf Inc. will post -0.94 EPS for the current year.

About TeraWulf

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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