FNY Investment Advisers LLC Takes $492,000 Position in TeraWulf Inc. $WULF

FNY Investment Advisers LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 112,350 shares of the company’s stock, valued at approximately $492,000.

A number of other large investors have also bought and sold shares of the business. Sippican Capital Advisors grew its position in TeraWulf by 15.8% during the 2nd quarter. Sippican Capital Advisors now owns 33,650 shares of the company’s stock worth $147,000 after acquiring an additional 4,600 shares during the last quarter. Apollon Wealth Management LLC grew its position in TeraWulf by 18.5% during the 1st quarter. Apollon Wealth Management LLC now owns 31,532 shares of the company’s stock worth $86,000 after acquiring an additional 4,920 shares during the last quarter. SG Americas Securities LLC grew its position in TeraWulf by 6.2% during the 1st quarter. SG Americas Securities LLC now owns 130,322 shares of the company’s stock worth $356,000 after acquiring an additional 7,597 shares during the last quarter. Florida Financial Advisors LLC grew its position in TeraWulf by 65.1% during the 1st quarter. Florida Financial Advisors LLC now owns 21,280 shares of the company’s stock worth $58,000 after acquiring an additional 8,392 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in TeraWulf by 42.5% during the 1st quarter. OLD Mission Capital LLC now owns 28,587 shares of the company’s stock worth $78,000 after acquiring an additional 8,529 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Stock Performance

WULF stock opened at $13.14 on Wednesday. The business’s fifty day moving average is $10.89 and its 200-day moving average is $6.37. 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 market cap of $5.36 billion, a P/E ratio of -37.54 and a beta of 3.44. TeraWulf Inc. has a twelve month low of $2.06 and a twelve month high of $16.19.

TeraWulf (NASDAQ:WULF) last posted 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 company had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. Equities research analysts forecast that TeraWulf Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of TeraWulf in a research report on Wednesday, October 8th. Roth Capital upped their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. Rosenblatt Securities upped their price objective on TeraWulf from $14.50 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Cantor Fitzgerald upped their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Finally, B. Riley upped their price objective on TeraWulf from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.81.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction 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 transaction, the director owned 40,769 shares of the company’s stock, valued at $352,244.16. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.90% of the stock is currently owned by company insiders.

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.