Thames Capital Management LLC Buys Shares of 1,134,689 TeraWulf Inc. $WULF

Key Points

• Thames Capital Management LLC bought 1,134,689 shares of TeraWulf (~$4.97 million), representing about 0.30% of the company.
• Analysts hold a consensus "Moderate Buy" rating with a $18.42 average price target, and several firms recently raised targets (some up to $23) or reiterated buy/outperform views.
• TeraWulf posted an earnings miss—EPS of ($1.13) vs. ($0.04) expected—and a negative net margin of 91.42% despite revenue rising 86.9% year-over-year to $50.58 million.

Thames Capital Management LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,134,689 shares of the company's stock, valued at approximately $4,970,000. Thames Capital Management LLC owned 0.30% of TeraWulf as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Edmond DE Rothschild Holding S.A. bought a new stake in shares of TeraWulf during the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC boosted its stake in TeraWulf by 135.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock valued at $29,000 after acquiring an additional 3,784 shares during the period. Arete Wealth Advisors LLC bought a new position in shares of TeraWulf during the first quarter valued at approximately $33,000. Comerica Bank raised its position in shares of TeraWulf by 3,748.5% during the 1st quarter. Comerica Bank now owns 12,700 shares of the company's stock worth $35,000 after purchasing an additional 12,370 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of TeraWulf during the 2nd quarter worth approximately $46,000. 62.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WULF has been the subject of a number of analyst reports. UBS Group set a $18.25 price objective on TeraWulf in a research report on Friday, October 24th. Roth Capital boosted their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a report on Friday, August 15th. Compass Point set a $17.00 price target on shares of TeraWulf and gave the stock a "neutral" rating in a research report on Tuesday, October 28th. Citizens Jmp lifted their price objective on shares of TeraWulf from $18.00 to $22.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 29th. Finally, B. Riley upped their target price on shares of TeraWulf from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.42.

TeraWulf Price Performance

WULF stock traded up $0.25 during trading on Monday, hitting $11.24. The company had a trading volume of 7,690,142 shares, compared to its average volume of 44,890,605. The business has a 50 day moving average of $12.68 and a 200 day moving average of $7.86. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of -32.39 and a beta of 3.57. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $17.05.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). The company had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. TeraWulf's revenue for the quarter was up 86.9% on a year-over-year basis. As a group, research analysts predict 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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