TeraWulf Inc. $WULF Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its position in TeraWulf Inc. by 63.1%, owning 313,508 shares after selling 536,200 shares during the first quarter, equating to about 0.08% of the company's stock.
• TeraWulf's stock performance includes a 12-month low of $2.06 and a high of $10.71, with a market capitalization of $3.66 billion and a P/E ratio of -25.66.
• While several analysts have issued ratings, TeraWulf currently holds an average rating of "Buy" with a consensus target price of $11.22, despite one downgrade to "sell" from Wall Street Zen.

Invesco Ltd. trimmed its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,508 shares of the company's stock after selling 536,200 shares during the quarter. Invesco Ltd. owned approximately 0.08% of TeraWulf worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. CoreCap Advisors LLC lifted its stake in shares of TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after acquiring an additional 3,054 shares during the period. Voya Investment Management LLC boosted its stake in shares of TeraWulf by 4.8% during the 4th quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock worth $446,000 after acquiring an additional 3,628 shares during the period. Apollon Wealth Management LLC lifted its holdings in TeraWulf by 18.5% during the 1st quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock worth $86,000 after purchasing an additional 4,920 shares during the last quarter. SG Americas Securities LLC raised its holdings in TeraWulf by 6.2% in the 1st quarter. SG Americas Securities LLC now owns 130,322 shares of the company's stock valued at $356,000 after acquiring an additional 7,597 shares in the last quarter. Finally, Florida Financial Advisors LLC raised its holdings in TeraWulf by 65.1% in the 1st quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company's stock valued at $58,000 after acquiring an additional 8,392 shares in the last quarter. 62.49% of the stock is owned by institutional investors.

Insider Buying and Selling at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.48% of the stock is currently owned by corporate insiders.

TeraWulf Stock Up 3.9%

WULF stock traded up $0.36 during midday trading on Monday, hitting $9.49. The company's stock had a trading volume of 19,675,156 shares, compared to its average volume of 45,493,082. The firm has a market capitalization of $3.87 billion, a P/E ratio of -27.01 and a beta of 3.36. The firm has a 50-day simple moving average of $6.45 and a 200-day simple moving average of $4.45. TeraWulf Inc. has a 52-week low of $2.06 and a 52-week high of $10.71. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.TeraWulf's revenue was up 33.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, equities analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WULF. Roth Capital upped their target price on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 target price on the stock in a research note on Thursday, May 22nd. Wall Street Zen cut TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. B. Riley upped their price target on TeraWulf from $8.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Rosenblatt Securities upped their price target on TeraWulf from $10.50 to $12.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $11.22.

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.