TeraWulf Inc. (NASDAQ:WULF) Receives $7.86 Average Price Target from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.86.

Several analysts recently commented on the stock. Jones Trading began coverage on shares of TeraWulf in a report on Monday, March 31st. They set a “buy” rating and a $4.00 price target for the company. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. Rosenblatt Securities decreased their target price on shares of TeraWulf from $10.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating on the stock.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in TeraWulf by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock valued at $13,980,000 after purchasing an additional 105,997 shares during the period. Wellington Management Group LLP boosted its position in shares of TeraWulf by 1,760.0% in the fourth quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company’s stock valued at $6,671,000 after acquiring an additional 1,115,228 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of TeraWulf in the fourth quarter worth $651,000. Barclays PLC increased its position in TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after acquiring an additional 343,016 shares during the period. Finally, BIT Capital GmbH raised its stake in TeraWulf by 169.4% during the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company’s stock valued at $22,503,000 after purchasing an additional 2,499,865 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Down 3.3 %

Shares of NASDAQ WULF opened at $2.92 on Wednesday. The business has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $5.12. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -14.60 and a beta of 2.76. TeraWulf has a 12 month low of $1.91 and a 12 month high of $9.30.

TeraWulf (NASDAQ:WULF) last announced its 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). The firm had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, sell-side analysts expect that TeraWulf will post -0.17 EPS for the current fiscal 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.