Harbour Capital Advisors LLC Purchases New Position in TeraWulf Inc. $WULF

Key Points

• Harbour Capital Advisors LLC acquired 107,415 shares of TeraWulf Inc. in the second quarter, valued at approximately $470,000.
• Analysts have recently raised their price targets for TeraWulf Inc., with prices going from $10.50 to $15.00, indicating strong interest and support for the stock.
• TeraWulf reported a quarterly revenue increase of 33.9% year-over-year, although it missed EPS estimates, reflecting ongoing challenges despite revenue growth.

Harbour Capital Advisors LLC bought a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 107,415 shares of the company's stock, valued at approximately $470,000.

Several other large investors have also made changes to their positions in WULF. Hodges Capital Management Inc. grew its holdings in shares of TeraWulf by 17,747.4% in the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock worth $9,745,000 after purchasing an additional 3,549,479 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of TeraWulf in the 1st quarter worth about $3,702,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TeraWulf in the 4th quarter worth about $7,591,000. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 1,115,228 shares during the last quarter. Finally, Aurelius Capital Management LP bought a new stake in shares of TeraWulf in the 1st quarter worth about $2,520,000. Institutional investors own 62.49% of the company's stock.

Analyst Upgrades and Downgrades

WULF has been the topic of several research reports. B. Riley upped their price target on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Northland Securities upped 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. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. JMP Securities upped their price target on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Finally, Roth Capital upped their price target on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TeraWulf has an average rating of "Buy" and an average target price of $11.22.

TeraWulf Trading Down 1.7%

TeraWulf stock traded down $0.19 during trading hours on Friday, reaching $10.98. 52,500,336 shares of the company's stock traded hands, compared to its average volume of 37,702,112. 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 fifty-two week low of $2.06 and a fifty-two week high of $11.63. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -31.37 and a beta of 3.36. The firm's 50 day moving average is $7.60 and its 200-day moving average is $4.93.

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

Insider Transactions at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the sale, the director directly owned 40,769 shares in the company, valued at $352,244.16. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 19.90% of the company's stock.

TeraWulf 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.