Vident Advisory LLC Purchases 318,166 Shares of TeraWulf Inc. $WULF

Key Points

• Vident Advisory LLC increased its stake in TeraWulf Inc. by 15.5%, acquiring an additional 318,166 shares to hold a total of 2,366,242 shares valued at approximately $6.46 million.
• Institutional investors currently own 62.49% of TeraWulf stock, with several hedge funds making recent investments, indicating growing institutional interest in the company.
• TeraWulf's latest earnings report showed a revenue increase of 33.9% year-over-year, despite reporting a loss per share of ($0.05), missing analyst expectations.

Vident Advisory LLC raised its holdings in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,366,242 shares of the company's stock after acquiring an additional 318,166 shares during the period. Vident Advisory LLC owned approximately 0.62% of TeraWulf worth $6,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tortoise Investment Management LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at $435,000. 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 valued at $35,000 after acquiring an additional 12,370 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at $149,000. Aurelius Capital Management LP bought a new stake in shares of TeraWulf during the 1st quarter valued at $2,520,000. Finally, CW Advisors LLC bought a new stake in shares of TeraWulf during the 1st quarter valued at $142,000. Institutional investors own 62.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on WULF shares. B. Riley upped their target price on shares of TeraWulf from $8.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Roth Capital upped 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. Rosenblatt Securities upped their target price on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Wall Street Zen cut shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Finally, Northland Securities upped their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TeraWulf presently has a consensus rating of "Buy" and a consensus price target of $11.22.

TeraWulf Trading Up 0.1%

Shares of WULF traded up $0.01 during trading hours on Monday, reaching $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. TeraWulf Inc. has a 52 week low of $2.06 and a 52 week high of $10.71. The firm has a 50-day moving average of $6.05 and a 200 day moving average of $4.32. The company has a market cap of $3.86 billion, a P/E ratio of -27.00 and a beta of 3.36.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $46.30 million. During the same quarter in the prior year, the company earned ($0.03) EPS. TeraWulf's quarterly revenue was up 33.9% on a year-over-year basis. On average, sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the completion of the transaction, the director owned 40,769 shares in the company, valued at approximately $352,244.16. This 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. Company 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.