Stock Traders Purchase Large Volume of Call Options on TeraWulf (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 48,188 call options on the stock. This is an increase of approximately 111% compared to the average daily volume of 22,822 call options.

Insider Activity

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the transaction, the treasurer now owns 337,245 shares of the company’s stock, valued at approximately $1,096,046.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 24.88% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of WULF. Miracle Mile Advisors LLC acquired a new stake in shares of TeraWulf in the first quarter valued at $29,000. Apollon Wealth Management LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at about $27,000. Partners Capital Investment Group LLP acquired a new position in shares of TeraWulf during the fourth quarter worth about $29,000. Global Retirement Partners LLC purchased a new stake in shares of TeraWulf during the fourth quarter worth approximately $30,000. Finally, Regatta Capital Group LLC acquired a new stake in TeraWulf in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Ratings Changes

WULF has been the subject of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $6.50 price objective on shares of TeraWulf in a research note on Monday. Compass Point decreased their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a report on Thursday, March 21st. Roth Capital upgraded TeraWulf to a “strong-buy” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities began coverage on TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 price target for the company. Finally, Cantor Fitzgerald upped their price objective on shares of TeraWulf from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $5.53.

TeraWulf Stock Performance

Shares of NASDAQ:WULF opened at $4.75 on Friday. TeraWulf has a 52-week low of $0.89 and a 52-week high of $6.05. The business has a fifty day moving average of $3.37 and a two-hundred day moving average of $2.54.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. The firm had revenue of $42.43 million for the quarter, compared to analysts’ expectations of $41.86 million. On average, analysts expect that TeraWulf will post -0.08 EPS for the current fiscal 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.