56,000 Shares in TeraWulf Inc. $WULF Bought by Seven Mile Advisory

Key Points

• Seven Mile Advisory has invested approximately $153,000 in TeraWulf Inc., acquiring 56,000 shares during the first quarter.
• TeraWulf reported an EPS of -$0.05 for the latest quarter, slightly missing analysts' expectations, while its revenue increased by 33.9% year-over-year.
• Recent analyst ratings show a positive outlook for TeraWulf, with an average target price of $9.94 and most analysts giving the stock a "buy" rating.

Seven Mile Advisory purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,000 shares of the company's stock, valued at approximately $153,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Senator Investment Group LP bought a new position in TeraWulf in the 4th quarter worth $24,371,000. Science & Technology Partners L.P. bought a new position in TeraWulf in the 4th quarter worth $18,606,000. Alyeska Investment Group L.P. bought a new position in TeraWulf in the 4th quarter worth $10,970,000. Soros Fund Management LLC bought a new position in TeraWulf in the 4th quarter worth $8,632,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TeraWulf in the 4th quarter worth $7,591,000. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Stock Down 6.4%

WULF stock traded down $0.60 during trading on Tuesday, hitting $8.78. 105,032,930 shares of the stock traded hands, compared to its average volume of 60,430,520. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $10.71. The firm's 50 day moving average is $5.10 and its two-hundred day moving average is $4.06. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -25.09 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 announced its quarterly earnings data 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 net margin of 91.42% and a negative return on equity of 54.98%. The firm had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. During the same period last year, the company posted ($0.03) earnings per share. The business's revenue for the quarter was up 33.9% compared to the same quarter last year. On average, sell-side analysts anticipate that TeraWulf Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction dated 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 directly owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WULF. Wall Street Zen upgraded shares of TeraWulf from a "strong sell" rating to a "hold" rating in a report on Saturday. Cantor Fitzgerald upped their price objective on shares of TeraWulf from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Roth Capital upped their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday. Northland Securities set a $12.00 price objective on shares of TeraWulf in a report on Thursday, August 14th. Finally, B. Riley upped their price objective on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Monday. 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 company. According to MarketBeat, TeraWulf currently has an average rating of "Buy" and an average price target of $10.72.

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.