SRN Advisors LLC Purchases 72,155 Shares of TeraWulf Inc. $WULF

Key Points

• SRN Advisors LLC has increased its holdings in TeraWulf Inc. by 51.5%, owning a total of 212,155 shares post-acquisition, valued at approximately $579,000.
• TeraWulf reported a revenue of $47.64 million in its latest quarterly earnings, exceeding analysts' estimates, but missed earnings expectations with a per share loss of ($0.05).
• Investment analysts have varying views on TeraWulf, with recent price targets ranging from $12.00 to $15.00, reflecting a mix of optimistic and cautious ratings on the stock.

SRN Advisors LLC grew its stake in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 51.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,155 shares of the company's stock after purchasing an additional 72,155 shares during the quarter. SRN Advisors LLC owned approximately 0.06% of TeraWulf worth $579,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. OLD Mission Capital LLC boosted its stake in shares of TeraWulf by 42.5% during the first quarter. OLD Mission Capital LLC now owns 28,587 shares of the company's stock valued at $78,000 after purchasing an additional 8,529 shares during the period. Vident Advisory LLC boosted its stake in shares of TeraWulf by 15.5% during the first quarter. Vident Advisory LLC now owns 2,366,242 shares of the company's stock valued at $6,460,000 after purchasing an additional 318,166 shares during the period. Tortoise Investment Management LLC purchased a new stake in shares of TeraWulf during the first quarter valued at $435,000. Comerica Bank boosted its stake in shares of TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after purchasing an additional 12,370 shares during the period. Finally, Quantitative Investment Management LLC purchased a new stake in shares of TeraWulf during the first quarter valued at $149,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WULF shares. Citizens Jmp raised shares of TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research note on Thursday, May 22nd. Rosenblatt Securities boosted their target price on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Wall Street Zen lowered shares of TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. B. Riley boosted their target price on shares of TeraWulf from $8.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Finally, JMP Securities lifted their price objective on TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $11.22.

TeraWulf Stock Up 0.1%

Shares of WULF stock traded up $0.01 on Monday, hitting $9.45. The stock had a trading volume of 35,622,346 shares, compared to its average volume of 66,003,916. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The business has a 50 day moving average price of $6.05 and a 200 day moving average price of $4.32. The company has a market cap of $3.86 billion, a PE ratio of -27.00 and a beta of 3.36. TeraWulf Inc. has a one year low of $2.06 and a one year high of $10.71.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data 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 firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Research analysts anticipate that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.48% of the company's stock.

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.