TeraWulf’s (WULF) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report released on Monday morning,Benzinga reports. They currently have a $10.00 target price on the stock.

Several other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Price Performance

Shares of WULF opened at $3.71 on Monday. TeraWulf has a 1-year low of $1.57 and a 1-year high of $9.30. The firm has a market capitalization of $1.43 billion, a PE ratio of -18.55 and a beta of 2.59. The company’s fifty day moving average price is $5.11 and its 200-day moving average price is $5.58.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The business had revenue of $35.00 million during the quarter, compared to analysts’ expectations of $37.43 million. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, research analysts anticipate that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TeraWulf during the 4th quarter worth about $7,591,000. Forum Financial Management LP acquired a new position in shares of TeraWulf during the 4th quarter worth about $68,000. GTS Securities LLC raised its position in shares of TeraWulf by 140,206.7% during the 4th quarter. GTS Securities LLC now owns 21,046 shares of the company’s stock worth $119,000 after purchasing an additional 21,031 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of TeraWulf by 30.6% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 36,000 shares of the company’s stock worth $204,000 after purchasing an additional 8,441 shares during the last quarter. Finally, Castleark Management LLC acquired a new position in shares of TeraWulf during the 4th quarter worth about $1,709,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.