Stratos Wealth Partners LTD. Acquires New Stake in TeraWulf Inc. $WULF

Stratos Wealth Partners LTD. acquired a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the company’s stock, valued at approximately $66,000.

Several other large investors also recently added to or reduced their stakes in WULF. Teacher Retirement System of Texas bought a new stake in TeraWulf during the first quarter valued at $115,000. Calamos Advisors LLC bought a new stake in TeraWulf during the first quarter valued at $33,000. Brown Advisory Inc. boosted its stake in TeraWulf by 126.8% during the first quarter. Brown Advisory Inc. now owns 41,055 shares of the company’s stock valued at $112,000 after buying an additional 22,955 shares during the period. M&T Bank Corp bought a new stake in TeraWulf during the first quarter worth about $76,000. Finally, Platform Technology Partners bought a new stake in TeraWulf during the first quarter worth about $39,000. Institutional investors own 62.49% of the company’s stock.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the transaction, the director owned 40,769 shares of the company’s stock, valued at approximately $352,244.16. This represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WULF. B. Riley reaffirmed a “buy” rating on shares of TeraWulf in a research note on Wednesday. Northland Securities set a $16.25 price target on TeraWulf in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeraWulf in a research note on Friday. Roth Capital lifted their price target on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, JMP Securities lifted their target price on shares of TeraWulf from $13.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and a consensus price target of $13.35.

TeraWulf Stock Up 6.4%

Shares of NASDAQ:WULF opened at $13.71 on Monday. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $16.19. The company has a market cap of $5.59 billion, a PE ratio of -39.17 and a beta of 3.44. 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 50-day moving average is $11.21 and its 200 day moving average is $6.62.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share (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 business had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 33.9% on a year-over-year basis. Sell-side analysts anticipate that TeraWulf Inc. will post -0.17 EPS 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.