First Dallas Securities Inc. Purchases New Stake in TeraWulf Inc. $WULF

Key Points

• First Dallas Securities Inc. has made a new investment in TeraWulf Inc., purchasing 58,500 shares valued at approximately $160,000 in the first quarter.
• Director Amanda Fabiano sold 4,600 shares of TeraWulf, indicating a 10.14% decrease in her ownership, with the stock averaging $8.64 per share.
• TeraWulf reported a revenue increase of 33.9% year-over-year, with quarterly earnings of ($0.05) per share, missing analyst estimates slightly.

First Dallas Securities Inc. bought a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 58,500 shares of the company's stock, valued at approximately $160,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in TeraWulf by 394.6% during the 4th quarter. Stifel Financial Corp now owns 49,626 shares of the company's stock valued at $281,000 after acquiring an additional 39,592 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of TeraWulf by 4.8% during the fourth quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock worth $446,000 after purchasing an additional 3,628 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TeraWulf by 12.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 162,975 shares of the company's stock worth $922,000 after purchasing an additional 17,421 shares during the last quarter. Northern Trust Corp lifted its position in shares of TeraWulf by 15.6% during the fourth quarter. Northern Trust Corp now owns 2,603,141 shares of the company's stock worth $14,734,000 after purchasing an additional 352,202 shares during the last quarter. Finally, Algert Global LLC lifted its position in shares of TeraWulf by 326.2% during the fourth quarter. Algert Global LLC now owns 97,350 shares of the company's stock worth $551,000 after purchasing an additional 74,506 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Performance

Shares of WULF traded up $0.11 during mid-day trading on Friday, reaching $10.75. 26,703,347 shares of the company's stock traded hands, compared to its average volume of 45,675,691. The business's 50-day moving average price is $6.89 and its 200-day moving average price is $4.61. The stock has a market capitalization of $4.38 billion, a P/E ratio of -30.70 and a beta of 3.36. 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 Inc. has a 12 month low of $2.06 and a 12 month high of $11.23.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its earnings results 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). 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 for the quarter, compared to the consensus estimate of $46.30 million. During the same period in the previous year, the firm earned ($0.03) EPS. The firm's revenue was up 33.9% on a year-over-year basis. Equities analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WULF has been the topic of a number of research analyst reports. Rosenblatt Securities increased their target price on TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Wall Street Zen cut TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. JMP Securities raised their price objective on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research note on Friday, August 15th. Cantor Fitzgerald raised their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Northland Securities raised their price target on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $11.22.

Insider Activity

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction on Friday, August 15th. The stock was 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 of the company's stock, valued at approximately $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.88% 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.