First Dallas Securities Inc. Makes New Investment in TeraWulf Inc. $WULF

First Dallas Securities Inc. bought a new position in TeraWulf Inc. (NASDAQ:WULF) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 58,500 shares of the company’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of TeraWulf in the first quarter valued at about $29,000. Calamos Advisors LLC purchased a new position in TeraWulf during the 1st quarter valued at about $33,000. Comerica Bank raised its holdings in shares of TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares in the last quarter. Platform Technology Partners purchased a new stake in shares of TeraWulf in the 1st quarter worth approximately $39,000. Finally, Kraematon Investment Advisors Inc. bought a new position in shares of TeraWulf during the first quarter valued at approximately $42,000. Institutional investors 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 completion of the sale, the director owned 40,769 shares of the company’s stock, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.48% of the company’s stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $9.13 on Monday. The business’s fifty day simple moving average is $6.45 and its 200-day simple moving average is $4.45. The company has a market cap of $3.72 billion, a PE ratio of -26.09 and a beta of 3.36. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $10.71.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data 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). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm’s revenue for the quarter was up 33.9% compared to the same quarter last year. Analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

WULF has been the topic of several research reports. B. Riley lifted their price objective on shares of TeraWulf from $8.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 18th. Wall Street Zen cut TeraWulf from a “hold” rating to a “sell” rating in a research report on Sunday, August 24th. Northland Securities lifted their price target on TeraWulf from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Roth Capital upped their price objective on TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, Cantor Fitzgerald raised their price objective on TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, TeraWulf currently has a consensus rating of “Buy” and a consensus target price of $11.22.

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.