Wealth Enhancement Advisory Services LLC Buys 48,573 Shares of TeraWulf Inc. $WULF

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in TeraWulf Inc. by 7.1% during the second quarter, now holding 729,734 shares valued at approximately $3.2 million.
• Analyst ratings have been favorable for TeraWulf, with several firms raising their price targets, including Cantor Fitzgerald, which increased its target from $11.00 to $14.00.
• In its recent earnings report, TeraWulf posted a revenue of $47.64 million, up 33.9% year-over-year, but missed EPS expectations by $0.01.

Wealth Enhancement Advisory Services LLC boosted its stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729,734 shares of the company's stock after purchasing an additional 48,573 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.19% of TeraWulf worth $3,196,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hodges Capital Management Inc. raised its stake in shares of TeraWulf by 17,747.4% during the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock valued at $9,745,000 after acquiring an additional 3,549,479 shares during the last quarter. Nuveen LLC bought a new position in shares of TeraWulf during the first quarter valued at $1,770,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of TeraWulf during the first quarter valued at $263,000. Quantbot Technologies LP bought a new position in shares of TeraWulf during the first quarter valued at $3,702,000. Finally, Vanguard Group Inc. raised its stake in shares of TeraWulf by 2.3% during the first quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after acquiring an additional 534,315 shares during the last quarter. Institutional investors own 62.49% of the company's stock.

TeraWulf Trading Down 1.3%

WULF opened at $10.83 on Friday. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $11.79. 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 company has a fifty day moving average of $8.21 and a 200-day moving average of $5.18. The stock has a market cap of $4.42 billion, a PE ratio of -30.94 and a beta of 3.36.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company's revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. On average, sell-side analysts predict that TeraWulf Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

WULF has been the subject of several analyst reports. Cantor Fitzgerald raised their price target on shares of TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Roth Capital raised their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, August 15th. Northland Securities raised their price target on shares of TeraWulf from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, JMP Securities increased their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $11.22.

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction on 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 sale, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.90% of the company's stock.

TeraWulf Profile

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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