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Jefferies Financial Group Inc. Sells 789,354 Shares of TeraWulf Inc. (NASDAQ:WULF)

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Key Points

  • Jefferies Financial Group Inc. has reduced its stake in TeraWulf Inc. by 74.7%, selling 789,354 shares and now owning 267,646 shares valued at $731,000.
  • TeraWulf's stock recently increased by 1.8% to $5.15, with a market capitalization of $1.98 billion and a negative PE ratio of -15.61.
  • Analysts have a consensus rating of "Buy" for TeraWulf, with price targets ranging from $6.00 to $8.06, indicating potential upside from current prices.
  • Five stocks we like better than TeraWulf.

Jefferies Financial Group Inc. lessened its position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 74.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,646 shares of the company's stock after selling 789,354 shares during the period. Jefferies Financial Group Inc. owned 0.07% of TeraWulf worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of WULF. AM Investment Strategies LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at about $78,000. Apollon Wealth Management LLC grew its holdings in TeraWulf by 18.5% in the first 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 period. Florida Financial Advisors LLC increased its stake in TeraWulf by 65.1% in the first quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company's stock valued at $58,000 after purchasing an additional 8,392 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of TeraWulf by 30.5% during the 1st quarter. New York State Common Retirement Fund now owns 82,499 shares of the company's stock worth $225,000 after purchasing an additional 19,300 shares in the last quarter. Finally, Platform Technology Partners acquired a new stake in shares of TeraWulf in the 1st quarter valued at about $39,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Up 1.8%

Shares of NASDAQ WULF traded up $0.09 during trading on Wednesday, hitting $5.15. The stock had a trading volume of 31,178,526 shares, compared to its average volume of 45,124,784. The firm has a fifty day moving average of $4.56 and a two-hundred day moving average of $3.97. The company has a market capitalization of $1.98 billion, a PE ratio of -15.61 and a beta of 3.17. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.90 and a quick ratio of 1.90. TeraWulf Inc. has a 12 month low of $2.06 and a 12 month high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative net margin of 94.09% and a negative return on equity of 42.09%. The firm had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. The company's revenue for the quarter was down 18.9% on a year-over-year basis. As a group, equities research analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on WULF. Rosenblatt Securities upped their price target on TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research note on Thursday, May 22nd. Finally, JMP Securities assumed coverage on shares of TeraWulf in a research note on Thursday, May 22nd. They issued a "market outperform" rating and a $7.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $8.06.

Read Our Latest Stock Report on WULF

TeraWulf Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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