MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in TeraWulf Inc. $WULF

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TeraWulf Inc. by 13.1%, owning approximately 1.61 million shares valued at about $4.41 million at the end of the first quarter.
• Several institutional investors have acquired new positions in TeraWulf during the same period, with combined investments amounting to over $150,000.
• TeraWulf's stock is currently trading at $10.64, with recent earnings showing a revenue increase of 33.9% year-over-year despite posting a loss of ($0.05) earnings per share.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,613,634 shares of the company's stock after acquiring an additional 186,541 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.42% of TeraWulf worth $4,405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WULF. Quantbot Technologies LP acquired a new stake in shares of TeraWulf in the 1st quarter worth $3,702,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TeraWulf in the 4th quarter worth $7,591,000. Wellington Management Group LLP boosted its position in shares of TeraWulf by 1,760.0% in the 4th quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company's stock worth $6,671,000 after purchasing an additional 1,115,228 shares in the last quarter. Aurelius Capital Management LP acquired a new stake in shares of TeraWulf in the 1st quarter worth $2,520,000. Finally, Cresset Asset Management LLC boosted its position in shares of TeraWulf by 3,930.6% in the 1st quarter. Cresset Asset Management LLC now owns 880,687 shares of the company's stock worth $2,404,000 after purchasing an additional 858,837 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company's stock.

Analyst Ratings Changes

WULF has been the subject of a number of recent analyst reports. Compass Point initiated coverage on TeraWulf in a research report on Monday. They issued a "buy" rating for the company. Wall Street Zen cut TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. JMP Securities lifted their price target on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Roth Capital lifted their price target on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Cantor Fitzgerald lifted their price target on TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TeraWulf has an average rating of "Buy" and a consensus price target of $11.22.

TeraWulf Stock Performance

Shares of WULF stock traded down $0.27 on Monday, hitting $10.49. The company had a trading volume of 35,979,530 shares, compared to its average volume of 45,644,223. The firm has a market cap of $4.28 billion, a P/E ratio of -29.97 and a beta of 3.36. The company has a 50-day moving average price of $7.00 and a 200-day moving average price of $4.67. 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 Inc. has a twelve month low of $2.06 and a twelve month high of $11.23.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was up 33.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) EPS. As a group, equities research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of the transaction, the director owned 40,769 shares of the company's stock, valued at $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 available through the SEC website. 19.90% of the stock is currently owned by company insiders.

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.