2,043,070 Shares in TeraWulf Inc. $WULF Purchased by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC purchased a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,043,070 shares of the company’s stock, valued at approximately $8,949,000.

Other large investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of TeraWulf during the 1st quarter worth approximately $29,000. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in TeraWulf by 265.3% during the second 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 last quarter. Advisors Asset Management Inc. grew its stake in shares of TeraWulf by 68.4% in 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 in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of TeraWulf in the 1st quarter worth about $33,000. Institutional investors own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WULF. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of TeraWulf in a research report on Tuesday, November 11th. Cantor Fitzgerald lifted their target price on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Citizens Jmp increased their price target on TeraWulf from $18.00 to $22.00 and gave the company a “market outperform” rating in a report on Wednesday, October 29th. Oppenheimer assumed coverage on TeraWulf in a research report on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TeraWulf in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.42.

TeraWulf Price Performance

Shares of WULF stock opened at $14.50 on Friday. The stock has a 50 day moving average price of $13.50 and a 200 day moving average price of $8.89. TeraWulf Inc. has a 52-week low of $2.06 and a 52-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. The firm has a market capitalization of $6.07 billion, a P/E ratio of -10.21 and a beta of 3.83.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data 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 net margin of 336.53% and a negative return on equity of 69.75%. The business had revenue of $50.58 million during the quarter, compared to the consensus estimate of $56.27 million. The firm’s revenue was up 86.9% on a year-over-year basis. As a group, sell-side analysts predict that TeraWulf Inc. will post -0.17 earnings per share for the current year.

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.