Uniplan Investment Counsel Inc. Buys 116,341 Shares of TeraWulf Inc. $WULF

Key Points

• Uniplan Investment Counsel Inc. increased its stake in TeraWulf by 20.9%, now holding approximately $1.84 million worth of shares.
• Brokerage firms have raised their target prices for TeraWulf, with estimates now between $12.00 and $15.00, reflecting a positive outlook for the stock.
• TeraWulf's stock is currently trading at $9.13 and has seen significant institutional interest, with 62.49% of shares owned by institutional investors and hedge funds.

Uniplan Investment Counsel Inc. boosted its position in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 20.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 673,716 shares of the company's stock after purchasing an additional 116,341 shares during the period. Uniplan Investment Counsel Inc. owned about 0.18% of TeraWulf worth $1,839,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in shares of TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after acquiring an additional 3,054 shares during the period. Voya Investment Management LLC grew its position in shares of TeraWulf by 4.8% during the 4th quarter. Voya Investment Management LLC now owns 78,815 shares of the company's stock valued at $446,000 after acquiring an additional 3,628 shares during the period. Apollon Wealth Management LLC grew its position in shares of TeraWulf by 18.5% during the 1st quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company's stock valued at $86,000 after acquiring an additional 4,920 shares during the period. SG Americas Securities LLC grew its position in shares of TeraWulf by 6.2% during the 1st quarter. SG Americas Securities LLC now owns 130,322 shares of the company's stock valued at $356,000 after acquiring an additional 7,597 shares during the period. Finally, Florida Financial Advisors LLC grew its position in shares of TeraWulf by 65.1% during the 1st quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company's stock valued at $58,000 after acquiring an additional 8,392 shares during the period. 62.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

WULF has been the subject of a number of research reports. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Roth Capital increased their target price on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, August 15th. Citizens Jmp upgraded shares of TeraWulf to a "strong-buy" rating and set a $7.00 price target on the stock in a research note on Thursday, May 22nd. B. Riley upped their price target 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 upped their price target on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a research note on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TeraWulf currently has a consensus rating of "Buy" and an average target price of $11.22.

Insider Activity at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director owned 40,769 shares of the company's stock, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.48% of the company's stock.

TeraWulf Price Performance

NASDAQ:WULF traded up $1.10 during trading hours on Tuesday, hitting $10.30. The stock had a trading volume of 68,762,927 shares, compared to its average volume of 63,506,424. The company has a 50 day simple moving average of $6.67 and a two-hundred day simple moving average of $4.52. 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 Inc. has a one year low of $2.06 and a one year high of $10.71. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -29.43 and a beta of 3.36.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly 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). 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 firm's revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. Research analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal 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.