Rhumbline Advisers Acquires 19,216 Shares of TeraWulf Inc. $WULF

Rhumbline Advisers grew its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 366,217 shares of the company’s stock after purchasing an additional 19,216 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of TeraWulf worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Arete Wealth Advisors LLC bought a new position in shares of TeraWulf during the 1st quarter valued at about $33,000. First Dallas Securities Inc. bought a new position in shares of TeraWulf during the 1st quarter valued at about $160,000. Two Seas Capital LP bought a new position in shares of TeraWulf during the 1st quarter valued at about $585,000. Uniplan Investment Counsel Inc. increased its position in shares of TeraWulf by 20.9% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 673,716 shares of the company’s stock valued at $1,839,000 after purchasing an additional 116,341 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of TeraWulf by 47.8% during the 1st quarter. Millennium Management LLC now owns 2,456,045 shares of the company’s stock valued at $6,705,000 after purchasing an additional 793,832 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

Insider Activity at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director directly owned 40,769 shares in the company, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WULF shares. JMP Securities increased their target price on TeraWulf from $7.00 to $13.00 and gave the company a “market outperform” rating in a report on Friday, August 15th. Roth Capital increased their target price on TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a report on Friday, August 15th. Northland Securities increased their target price on TeraWulf from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Compass Point started coverage on TeraWulf in a report on Monday, September 15th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald increased their target price on TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Two research 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 stock. According to MarketBeat, TeraWulf presently has an average rating of “Buy” and a consensus price target of $11.22.

TeraWulf Stock Performance

WULF stock opened at $10.98 on Friday. The company has a market cap of $4.48 billion, a P/E ratio of -31.37 and a beta of 3.36. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s fifty day moving average price is $7.60 and its 200-day moving average price is $4.92. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $11.63.

TeraWulf (NASDAQ:WULF) last released its earnings results 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 company had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 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 33.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, equities analysts forecast that TeraWulf Inc. will post -0.17 earnings per share for the current year.

TeraWulf Company 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.