Rothschild & Co Redburn Upgrades TeraWulf (NASDAQ:WULF) to Hold

TeraWulf (NASDAQ:WULF) was upgraded by analysts at Rothschild & Co Redburn to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other research analysts also recently issued research reports about the company. Chardan Capital reaffirmed a “buy” rating and set a $32.00 price objective on shares of TeraWulf in a report on Wednesday, August 5th. Sanford C. Bernstein initiated coverage on TeraWulf in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $46.00 target price for the company. Keefe, Bruyette & Woods cut their price target on TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Wells Fargo & Company assumed coverage on TeraWulf in a report on Thursday. They issued an “overweight” rating and a $30.00 price target on the stock. Finally, William Blair initiated coverage on TeraWulf in a research report on Friday, August 28th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, TeraWulf currently has a consensus rating of “Moderate Buy” and an average target price of $33.04.

TeraWulf Price Performance

TeraWulf stock opened at $17.45 on Monday. The business’s fifty day moving average is $17.00 and its two-hundred day moving average is $19.72. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $8.71 billion, a P/E ratio of -3.99 and a beta of 3.70. TeraWulf has a 52 week low of $10.43 and a 52 week high of $29.84.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The company had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Equities research analysts forecast that TeraWulf will post -0.95 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraWulf

In related news, Director Michael C. Bucella purchased 6,085 shares of the stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $14.79 per share, with a total value of $89,997.15. Following the purchase, the director directly owned 350,789 shares in the company, valued at $5,188,169.31. The trade was a 1.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul B. Prager sold 137,500 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the completion of the sale, the chief executive officer owned 3,807,552 shares in the company, valued at $64,956,837.12. This represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have purchased 11,968 shares of company stock valued at $189,962 and have sold 405,626 shares valued at $7,980,928. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in TeraWulf by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after buying an additional 681 shares during the period. CoreCap Advisors LLC increased its position in TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after acquiring an additional 747 shares during the period. IFP Advisors Inc raised its stake in shares of TeraWulf by 14.5% during the fourth quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock valued at $142,000 after acquiring an additional 1,563 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of TeraWulf during the second quarter worth $41,000. Finally, Sargent Investment Group LLC grew its stake in shares of TeraWulf by 6.4% in the fourth quarter. Sargent Investment Group LLC now owns 29,535 shares of the company’s stock worth $339,000 after purchasing an additional 1,785 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Company Profile

TeraWulf Inc (NASDAQ: WULF) develops and operates digital-asset mining and high-performance computing infrastructure. The company has focused primarily on bitcoin mining while expanding its data-center platform to support artificial intelligence, cloud computing and other high-density computing applications.

TeraWulf emphasizes access to low-cost, predominantly zero-carbon energy and designs, builds and operates energy-intensive data-center facilities. Its operations have included the Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, which was developed in collaboration with Cumulus Coin.