First Dallas Securities Inc. Buys 131,500 Shares of TeraWulf Inc. $WULF

First Dallas Securities Inc. grew its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 99.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,000 shares of the company’s stock after buying an additional 131,500 shares during the quarter. TeraWulf accounts for approximately 1.1% of First Dallas Securities Inc.’s holdings, making the stock its 26th largest position. First Dallas Securities Inc. owned approximately 0.06% of TeraWulf worth $3,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after acquiring an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after purchasing an additional 4,800 shares during the period. Advisors Asset Management Inc. increased its position in shares of TeraWulf by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock valued at $30,000 after purchasing an additional 2,748 shares during the last quarter. Comerica Bank lifted its stake in shares of TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock worth $35,000 after purchasing an additional 12,370 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of TeraWulf in the second quarter worth approximately $41,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $14.29 on Friday. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of -10.06 and a beta of 3.69. The firm has a fifty day moving average price of $13.47 and a 200 day moving average price of $11.71. TeraWulf Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.03 and a current ratio of 1.03.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Monday, November 10th. The company reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($1.09). The company had revenue of $50.58 million during the quarter, compared to analysts’ expectations of $56.27 million. TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The company’s quarterly revenue was up 86.9% on a year-over-year basis. As a group, sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citizens Jmp upped their target price on shares of TeraWulf from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Wednesday, October 29th. Northland Securities set a $23.25 price objective on TeraWulf in a research note on Wednesday, October 29th. JMP Securities set a $22.00 target price on TeraWulf in a report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Finally, UBS Group set a $18.25 price target on TeraWulf in a research report on Friday, October 24th. Twelve investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.15.

Insider Activity at TeraWulf

In other news, Director Michael C. Bucella purchased 4,178 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $12.01 per share, with a total value of $50,177.78. Following the completion of the purchase, the director owned 266,958 shares in the company, valued at approximately $3,206,165.58. This represents a 1.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 19.90% of the company’s stock.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.