First Dallas Securities Inc. Raises Stock Position in TeraWulf Inc. $WULF

First Dallas Securities Inc. lifted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 126.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 132,500 shares of the company’s stock after buying an additional 74,000 shares during the period. First Dallas Securities Inc.’s holdings in TeraWulf were worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hodges Capital Management Inc. raised its holdings in TeraWulf by 17,747.4% during the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock worth $9,745,000 after purchasing an additional 3,549,479 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of TeraWulf in the first quarter valued at $3,702,000. Aurelius Capital Management LP acquired a new position in shares of TeraWulf during the 1st quarter worth $2,520,000. Cresset Asset Management LLC boosted its position in shares of TeraWulf by 3,930.6% in the 1st quarter. Cresset Asset Management LLC now owns 880,687 shares of the company’s stock worth $2,404,000 after buying an additional 858,837 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in TeraWulf in the 1st quarter valued at about $2,181,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Insiders Place Their Bets

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the firm’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 sale, the director directly owned 40,769 shares of the company’s stock, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.90% of the company’s stock.

TeraWulf Stock Down 2.4%

WULF stock opened at $13.94 on Monday. The stock has a market capitalization of $5.69 billion, a P/E ratio of -39.83 and a beta of 3.57. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. TeraWulf Inc. has a one year low of $2.06 and a one year high of $17.05. The company has a 50 day moving average price of $12.36 and a two-hundred day moving average price of $7.53.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The business had revenue of $47.64 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned ($0.03) EPS. As a group, sell-side analysts expect that TeraWulf Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of TeraWulf in a research report on Wednesday, October 8th. Roth Capital lifted their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a research report on Friday, August 15th. Oppenheimer initiated coverage on TeraWulf in a research note on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 target price on the stock. Rosenblatt Securities raised their price target on TeraWulf from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, JMP Securities set a $22.00 price target on TeraWulf in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TeraWulf presently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

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.