Delta Financial Group Inc. Decreases Stake in TeraWulf Inc. (NASDAQ:WULF)

Delta Financial Group Inc. reduced its stake in TeraWulf Inc. (NASDAQ:WULF) by 36.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,600 shares of the company’s stock after selling 14,500 shares during the period. Delta Financial Group Inc.’s holdings in TeraWulf were worth $120,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Intrinsic Edge Capital Management LLC bought a new stake in shares of TeraWulf during the fourth quarter valued at approximately $1,200,000. Vima LLC bought a new stake in TeraWulf in the fourth quarter worth $346,000. GSG Advisors LLC bought a new stake in TeraWulf in the first quarter worth $237,000. Wealth Enhancement Advisory Services LLC boosted its holdings in TeraWulf by 26.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 380,461 shares of the company’s stock worth $1,001,000 after acquiring an additional 79,925 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of TeraWulf during the first quarter valued at $29,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Roth Capital raised TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Roth Mkm reaffirmed a “buy” rating and set a $6.50 price target on shares of TeraWulf in a report on Monday, July 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of TeraWulf in a report on Thursday. Rosenblatt Securities upped their price target on TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, B. Riley reaffirmed a “buy” rating and set a $6.00 price target on shares of TeraWulf in a report on Monday, August 26th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf presently has an average rating of “Buy” and a consensus target price of $5.71.

TeraWulf Stock Performance

Shares of WULF opened at $4.71 on Friday. The business has a 50-day simple moving average of $4.24 and a two-hundred day simple moving average of $3.57. TeraWulf Inc. has a 52 week low of $0.89 and a 52 week high of $6.51.

TeraWulf (NASDAQ:WULF) last released its earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. The business had revenue of $35.57 million for the quarter, compared to analysts’ expectations of $35.73 million. Analysts forecast that TeraWulf Inc. will post -0.11 EPS for the current year.

About TeraWulf

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.