Lionsbridge Wealth Management LLC Acquires 91,849 Shares of TeraWulf Inc. $WULF

Key Points

• Lionsbridge Wealth Management LLC significantly increased its stake in TeraWulf Inc. by 261%, acquiring an additional 91,849 shares during the second quarter, bringing their total holdings to 127,038 shares valued at approximately $556,000.
• Several other institutional investors also took positions in TeraWulf, with a total of 62.49% of the stock now owned by institutional investors.
• Analysts have provided optimistic ratings for TeraWulf, with multiple upgrades to "buy" ratings and a consensus price target of $12.81 for the stock.

Lionsbridge Wealth Management LLC raised its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 261.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,038 shares of the company's stock after acquiring an additional 91,849 shares during the period. Lionsbridge Wealth Management LLC's holdings in TeraWulf were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Stratos Wealth Partners LTD. bought a new position in TeraWulf during the second quarter valued at approximately $66,000. Sippican Capital Advisors grew its holdings in shares of TeraWulf by 15.8% in the second quarter. Sippican Capital Advisors now owns 33,650 shares of the company's stock worth $147,000 after purchasing an additional 4,600 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of TeraWulf in the second quarter worth approximately $48,000. Johnson Investment Counsel Inc. bought a new position in shares of TeraWulf in the second quarter worth approximately $110,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of TeraWulf in the second quarter worth approximately $49,000. 62.49% of the stock is currently owned by institutional investors.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction 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 sale, the director owned 40,769 shares in the company, valued at approximately $352,244.16. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

WULF has been the topic of several recent analyst reports. Compass Point initiated coverage on shares of TeraWulf in a report on Monday, September 15th. They issued a "buy" rating on the stock. Roth Capital raised their target price on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Cantor Fitzgerald raised their target price on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Rosenblatt Securities raised their target price on shares of TeraWulf from $14.50 to $20.00 and gave the stock a "buy" rating in a report on Thursday, October 16th. Finally, Wall Street Zen upgraded shares of TeraWulf from a "sell" rating to a "hold" rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, TeraWulf presently has an average rating of "Moderate Buy" and a consensus price target of $12.81.

TeraWulf Stock Performance

NASDAQ:WULF opened at $13.85 on Tuesday. The stock has a market cap of $5.65 billion, a P/E ratio of -39.57 and a beta of 3.44. The firm's fifty day simple moving average is $10.74 and its 200 day simple moving average is $6.32. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $16.19. 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 released its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company 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 business's revenue was up 33.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. As a group, research analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

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.

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