Quantitative Investment Management LLC Buys Shares of 54,926 TeraWulf Inc. $WULF

Key Points

• Quantitative Investment Management LLC purchased 54,926 shares of TeraWulf Inc. for approximately $149,000 in the first quarter, reflecting growing interest from institutional investors.
• Several analysts have raised their price targets for TeraWulf, with Roth Capital setting it at $12.50 and JMP Securities at $13.00, indicating confidence in the company's prospects.
• TeraWulf reported earnings of ($0.05) EPS in the last quarter, slightly missing estimates but showing a 33.9% year-over-year revenue increase, highlighting the company's growth trajectory despite its current challenges.

Quantitative Investment Management LLC bought a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,926 shares of the company's stock, valued at approximately $149,000.

Several other large investors have also recently bought and sold shares of the company. Aurelius Capital Management LP bought a new position in TeraWulf in the first quarter valued at about $2,520,000. CW Advisors LLC bought a new position in TeraWulf in the first quarter valued at about $142,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in TeraWulf in the first quarter valued at about $263,000. Quantbot Technologies LP bought a new position in TeraWulf in the first quarter valued at about $3,702,000. Finally, Seven Mile Advisory bought a new position in TeraWulf in the first quarter valued at about $153,000. 62.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the sale, the director owned 40,769 shares of the company's stock, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WULF shares. Roth Capital increased their target price on TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, August 15th. JMP Securities increased their price target on TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Cantor Fitzgerald increased their price target on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen cut TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Rosenblatt Securities increased their price target on TeraWulf from $10.50 to $12.00 and gave the company 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 issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $11.22.

TeraWulf Trading Up 3.5%

NASDAQ WULF opened at $9.24 on Wednesday. The business has a 50 day simple moving average of $5.60 and a 200 day simple moving average of $4.20. TeraWulf Inc. has a one year low of $2.06 and a one year high of $10.71. The stock has a market capitalization of $3.62 billion, a P/E ratio of -26.40 and a beta of 3.17. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its 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). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $47.64 million for the quarter, compared to analyst estimates of $46.30 million. During the same period in the prior year, the business earned ($0.03) EPS. The company's revenue for the quarter was up 33.9% on a year-over-year basis. Research analysts expect that TeraWulf Inc. will post -0.17 earnings per share 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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