Y Intercept Hong Kong Ltd Invests $2.05 Million in TeraWulf Inc. $WULF

Y Intercept Hong Kong Ltd purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 179,272 shares of the company’s stock, valued at approximately $2,047,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WULF. Nisa Investment Advisors LLC boosted its holdings in 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 increased 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 during the last quarter. Advisors Asset Management Inc. raised 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 buying an additional 2,748 shares during the period. Comerica Bank lifted its holdings in TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after acquiring an additional 12,370 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in TeraWulf in the second quarter valued at approximately $41,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WULF has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a research report on Tuesday, November 11th. Oppenheimer initiated coverage on TeraWulf in a research report on Tuesday, October 28th. They set an “outperform” rating and a $20.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price objective on shares of TeraWulf in a report on Tuesday, December 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of TeraWulf in a research report on Tuesday, November 11th. Finally, Compass Point set a $17.00 target price on shares of TeraWulf and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.15.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Michael C. Bucella purchased 4,178 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $12.01 per share, with a total value of $50,177.78. Following the transaction, the director directly owned 266,958 shares of the company’s stock, valued at approximately $3,206,165.58. This represents a 1.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.90% of the stock is currently owned by company insiders.

TeraWulf Price Performance

WULF opened at $15.11 on Thursday. The stock’s 50-day moving average price is $13.44 and its 200 day moving average price is $11.29. TeraWulf Inc. has a 12-month low of $2.06 and a 12-month high of $17.05. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -10.64 and a beta of 3.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.45.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Monday, November 10th. The company reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $56.27 million. The company’s revenue was up 86.9% compared to the same quarter last year. As a group, sell-side analysts expect that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.