Landscape Capital Management L.L.C. Invests $3.92 Million in TeraWulf Inc. $WULF

Key Points

• Landscape Capital Management acquired 158,718 TeraWulf shares in the second quarter, worth approximately $3.92 million. Institutional investors and hedge funds collectively own 62.49% of the company.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $34.21; individual targets range from $35 to $46.
• TeraWulf shares opened at $15.64 after falling 4.9%, while the company reported a substantial quarterly EPS miss of $1.94 versus the $0.24 consensus estimate and revenue declined 6% year over year.

Landscape Capital Management L.L.C. acquired a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 158,718 shares of the company's stock, valued at approximately $3,920,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC raised its holdings in shares of TeraWulf by 106.7% in the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after purchasing an additional 747 shares during the last quarter. Advisory Services Network LLC acquired a new position in TeraWulf during the third quarter worth $29,000. First United Bank & Trust bought a new position in TeraWulf in the first quarter valued at $37,000. Vermillion Wealth Management Inc. grew its position in TeraWulf by 1,191.0% in the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock valued at $30,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Solstein Capital LLC acquired a new stake in TeraWulf in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 62.49% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on WULF. Sanford C. Bernstein started coverage on shares of TeraWulf in a research note on Wednesday, June 3rd. They set an "outperform" rating and a $46.00 price objective for the company. Lucid Cap Mkts upgraded TeraWulf to a "strong-buy" rating in a report on Wednesday, May 27th. Oppenheimer reiterated an "outperform" rating and set a $35.00 target price on shares of TeraWulf in a report on Wednesday, May 27th. Citigroup began coverage on TeraWulf in a research report on Monday, June 29th. They set a "buy" rating and a $36.00 price target for the company. Finally, HC Wainwright reaffirmed a "buy" rating on shares of TeraWulf in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.21.

Insider Activity at TeraWulf

In related news, CEO Paul B. Prager sold 166,650 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total value of $4,071,259.50. Following the sale, the chief executive officer owned 4,249,202 shares in the company, valued at approximately $103,808,004.86. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella purchased 3,023 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $16.54 per share, for a total transaction of $50,000.42. Following the purchase, the director owned 341,844 shares in the company, valued at $5,654,099.76. This trade represents a 0.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 15.90% of the company's stock.

TeraWulf Stock Down 4.9%

Shares of WULF stock opened at $15.64 on Friday. TeraWulf Inc. has a 52-week low of $8.60 and a 52-week high of $29.84. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of -3.58 and a beta of 3.76. The firm's 50-day moving average is $20.76 and its 200-day moving average is $19.62. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($1.70). The business had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. Sell-side analysts predict that TeraWulf Inc. will post -0.94 EPS for the current year.

TeraWulf Company Profile

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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