SG Americas Securities LLC Purchases 39,367 Shares of TeraWulf Inc. $WULF

SG Americas Securities LLC increased its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 278.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,493 shares of the company’s stock after acquiring an additional 39,367 shares during the period. SG Americas Securities LLC’s holdings in TeraWulf were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WULF. Financial Consulate Inc. bought a new stake in TeraWulf during the third quarter worth $57,000. Nisa Investment Advisors LLC increased its stake in shares of TeraWulf by 135.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after purchasing an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings 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 worth $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. lifted 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 worth $30,000 after buying an additional 2,748 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of TeraWulf by 285.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,336 shares of the company’s stock worth $84,000 after buying an additional 5,432 shares during the last quarter. 62.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Northland Securities set a $23.25 target price on TeraWulf in a research report on Wednesday, October 29th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 price target on shares of TeraWulf in a research note on Tuesday, November 11th. Citigroup reaffirmed a “market outperform” rating on shares of TeraWulf in a report on Tuesday, November 11th. Keefe, Bruyette & Woods raised shares of TeraWulf from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $9.50 to $24.00 in a research note on Wednesday, December 31st. Finally, JMP Securities set a $22.00 target price on shares of TeraWulf in a research report on Wednesday, October 29th. Twelve investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, TeraWulf presently has an average rating of “Moderate Buy” and an average target price of $19.15.

TeraWulf Stock Performance

TeraWulf stock opened at $12.89 on Friday. The business has a 50 day moving average of $13.20 and a 200-day moving average of $10.98. The company has a market capitalization of $5.40 billion, a P/E ratio of -9.08 and a beta of 3.69. TeraWulf Inc. has a 1 year low of $2.06 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03.

TeraWulf (NASDAQ:WULF) last posted its 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). TeraWulf had a negative return on equity of 69.75% and a negative net margin of 336.53%.The business had revenue of $50.58 million for the quarter, compared to analyst estimates of $56.27 million. The company’s revenue was up 86.9% on a year-over-year basis. On average, equities research analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael C. Bucella acquired 4,178 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $12.01 per share, for a total transaction of $50,177.78. Following the completion of the acquisition, the director directly owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. This trade represents a 1.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 19.90% of the stock is owned by insiders.

TeraWulf Profile

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.