TeraWulf Inc. (NASDAQ:WULF – Get Rating) – Equities researchers at B. Riley upped their Q2 2022 EPS estimates for TeraWulf in a research note issued on Tuesday, May 31st. B. Riley analyst L. Pipes now forecasts that the company will earn $0.03 per share for the quarter, up from their previous estimate of $0.02. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. B. Riley also issued estimates for TeraWulf’s FY2022 earnings at $0.26 EPS and FY2024 earnings at ($0.15) EPS.
Separately, Zacks Investment Research upgraded TeraWulf from a “sell” rating to a “hold” rating in a report on Tuesday.
In other TeraWulf news, CEO Paul B. Prager purchased 317,259 shares of TeraWulf stock in a transaction that occurred on Monday, April 11th. The stock was acquired at an average price of $7.88 per share, for a total transaction of $2,500,000.92. Following the completion of the acquisition, the chief executive officer now owns 654,706 shares of the company’s stock, valued at approximately $5,159,083.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Revolve Capital Llc purchased 158,629 shares of TeraWulf stock in a transaction that occurred on Monday, April 11th. The shares were acquired at an average price of $7.88 per share, with a total value of $1,249,996.52. Following the acquisition, the insider now directly owns 10,981,382 shares of the company’s stock, valued at approximately $86,533,290.16. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,022,335 shares of company stock worth $7,793,926. 14.74% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of TeraWulf during the first quarter worth approximately $478,000. Goldman Sachs Group Inc. bought a new stake in shares of TeraWulf in the first quarter valued at approximately $1,194,000. State Street Corp bought a new stake in shares of TeraWulf in the first quarter valued at approximately $783,000. Prelude Capital Management LLC bought a new stake in shares of TeraWulf in the first quarter valued at approximately $262,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of TeraWulf in the first quarter valued at approximately $227,000. Institutional investors own 2.80% of the company’s stock.
About TeraWulf (Get Rating)
TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc is based in Easton, Maryland.
Further Reading
- Get a free copy of the StockNews.com research report on TeraWulf (WULF)
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