RR Advisors LLC Buys Shares of 559,000 TeraWulf Inc. $WULF

Key Points

• RR Advisors LLC has acquired 559,000 shares of TeraWulf Inc., valued at approximately $1.5 million, making it the company's 24th largest holding.
• Several institutional investors, including Vanguard Group and Dimensional Fund Advisors, have also increased their holdings in TeraWulf, indicating strong institutional interest in the company.
• Analysts have provided a generally positive outlook on TeraWulf, with the average target price set at $8.31 and multiple analysts rating the stock as a "buy."

RR Advisors LLC bought a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 559,000 shares of the company's stock, valued at approximately $1,527,000. TeraWulf accounts for about 0.4% of RR Advisors LLC's holdings, making the stock its 24th largest holding. RR Advisors LLC owned 0.15% of TeraWulf as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WULF. LPL Financial LLC lifted its stake in shares of TeraWulf by 81.2% during the 4th quarter. LPL Financial LLC now owns 155,748 shares of the company's stock worth $882,000 after acquiring an additional 69,806 shares during the last quarter. JPMorgan Chase & Co. increased its position in TeraWulf by 668.4% during the 4th quarter. JPMorgan Chase & Co. now owns 847,177 shares of the company's stock valued at $4,795,000 after buying an additional 736,926 shares in the last quarter. Alliancebernstein L.P. grew its stake in TeraWulf by 4.0% during the 4th quarter. Alliancebernstein L.P. now owns 244,610 shares of the company's stock valued at $1,384,000 after purchasing an additional 9,440 shares during the last quarter. Wells Fargo & Company MN grew its stake in TeraWulf by 73.3% during the 4th quarter. Wells Fargo & Company MN now owns 198,025 shares of the company's stock valued at $1,121,000 after purchasing an additional 83,789 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of TeraWulf by 112.3% in the fourth quarter. Cerity Partners LLC now owns 61,977 shares of the company's stock worth $349,000 after buying an additional 32,786 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Trading Up 4.6%

Shares of WULF stock traded up $0.41 on Monday, reaching $9.38. 160,709,642 shares of the stock were exchanged, compared to its average volume of 53,972,328. The firm has a 50 day moving average of $5.02 and a two-hundred day moving average of $4.03. 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 1-year low of $2.06 and a 1-year high of $10.71. The stock has a market cap of $3.68 billion, a P/E ratio of -26.80 and a beta of 3.17.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The firm had revenue of $47.64 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, research analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WULF. Wall Street Zen raised TeraWulf from a "strong sell" rating to a "hold" rating in a report on Saturday. Roth Capital raised their price target on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research report on Friday. Northland Securities set a $12.00 target price on TeraWulf in a report on Thursday. JMP Securities raised 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. Finally, B. Riley reiterated a "buy" rating and set a $14.00 target price (up previously from $8.00) on shares of TeraWulf in a research report on Monday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $10.39.

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.