Harbour Capital Advisors LLC Makes New Investment 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 purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 107,415 shares of the company's stock, valued at approximately $470,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. bought a new position in shares of TeraWulf during the 1st quarter worth approximately $29,000. Calamos Advisors LLC purchased a new stake in TeraWulf in the first quarter worth $33,000. Arete Wealth Advisors LLC purchased a new position in shares of TeraWulf in the first quarter valued at $33,000. Comerica Bank lifted its stake in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, Platform Technology Partners purchased a new position in TeraWulf during the 1st quarter valued at about $39,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Price Performance

Shares of WULF traded down $0.38 during trading hours on Tuesday, hitting $11.12. 26,289,040 shares of the company were exchanged, compared to its average volume of 45,435,266. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $11.79. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -31.76 and a beta of 3.36. The firm's fifty day moving average is $7.73 and its 200 day moving average is $4.98.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The firm's revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. On average, equities analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction dated Friday, August 15th. The stock was 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 approximately $352,244.16. The trade was 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. Insiders own 19.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WULF shares. Roth Capital upped their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research note on Friday, August 15th. Rosenblatt Securities boosted their target price on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Cantor Fitzgerald increased their price objective on shares of TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. B. Riley boosted their price objective 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, Compass Point initiated coverage on shares of TeraWulf in a research report on Monday, September 15th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TeraWulf currently has a consensus rating of "Buy" and an average price target of $11.22.

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.