TeraWulf (NASDAQ:WULF) Stock Price Target Lowered at Sanford C. Bernstein

TeraWulf (NASDAQ:WULF) had its price target reduced by Sanford C. Bernstein from $36.00 to $20.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Several other brokerages have also issued reports on WULF. Wells Fargo & Company assumed coverage on shares of TeraWulf in a research note on Thursday, September 17th. They issued an “overweight” rating and a $30.00 target price on the stock. Weiss Ratings raised shares of TeraWulf from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, October 26th. Chardan Capital reissued a “buy” rating and set a $32.00 price target on shares of TeraWulf in a research note on Wednesday, August 5th. HC Wainwright restated a “buy” rating on shares of TeraWulf in a report on Friday, August 21st. Finally, Rothschild & Co Redburn started coverage on shares of TeraWulf in a research note on Monday, September 21st. They issued a “neutral” rating and a $15.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.05.

TeraWulf Trading Down 6.6%

Shares of WULF opened at $11.70 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf has a 12-month low of $10.35 and a 12-month high of $29.84. The firm has a market capitalization of $5.84 billion, a PE ratio of -2.68 and a beta of 4.00. The stock’s fifty day simple moving average is $14.43 and its 200-day simple moving average is $17.97.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The firm had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. TeraWulf’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, research analysts predict that TeraWulf will post -1.04 earnings per share for the current year.

Insider Transactions at TeraWulf

In other news, Director Michael Bucella purchased 6,085 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average price of $14.79 per share, with a total value of $89,997.15. Following the acquisition, the director directly owned 350,789 shares of the company’s stock, valued at approximately $5,188,169.31. This represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul Prager sold 137,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 3,807,552 shares of the company’s stock, valued at $64,956,837.12. This trade represents a 3.49% decrease in their position. 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. Insiders have bought a total of 11,968 shares of company stock valued at $189,962 over the last three months. 15.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WULF. AlphaCore Capital LLC bought a new position in shares of TeraWulf during the 3rd quarter worth approximately $245,000. Fulcrum Asset Management LLP raised its holdings in TeraWulf by 368.3% during the third quarter. Fulcrum Asset Management LLP now owns 82,558 shares of the company’s stock worth $1,246,000 after acquiring an additional 64,928 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TeraWulf by 16.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 976,923 shares of the company’s stock worth $14,566,000 after purchasing an additional 137,020 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in TeraWulf by 7.3% in the third quarter. Pictet Asset Management Holding SA now owns 73,421 shares of the company’s stock valued at $1,087,000 after acquiring an additional 5,012 shares during the last quarter. Finally, Kraematon Investment Advisors Inc. lifted its stake in TeraWulf by 10.3% in the 3rd quarter. Kraematon Investment Advisors Inc. now owns 46,125 shares of the company’s stock valued at $683,000 after purchasing an additional 4,325 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: Google agreed to provide credit support for TeraWulf’s roughly $19 billion Anthropic lease at its Justified campus in Hawesville, Kentucky. The backstop could improve access to project financing and reduce the risk lenders associate with relying on TeraWulf’s balance sheet alone. Reuters: TeraWulf gets credit backstop from Google
• Positive Sentiment: TeraWulf also signed a definitive engineering, procurement and construction agreement with Fluor for its Kentucky data-center campus. The contract advances the project toward construction, with the company saying it will support delivery of the contracted AI infrastructure. Fluor signs EPC contract with TeraWulf
• Neutral Sentiment: Rosenblatt highlighted TeraWulf as permitted power capacity gains value, while a recent KBW price-target cut still left substantial potential upside in the analyst’s view. These views offer some support but do not remove project risks. Rosenblatt picks TeraWulf
• Negative Sentiment: Shares moved lower amid a broader selloff in AI data-center stocks, suggesting the favorable Google news was not enough to overcome sector pressure. The company still faces substantial capital needs and a multiyear construction timeline; its highly leveraged balance sheet and tight liquidity add to investor concern. TeraWulf falls despite Google backstop

About TeraWulf

TeraWulf Inc is a digital asset infrastructure company focused primarily on developing and operating environmentally conscious data centers for bitcoin mining and other high-performance computing applications. The company emphasizes the use of low-carbon energy, including nuclear and hydroelectric power, to support energy-intensive computing operations.

TeraWulf operates mining and data center facilities in the United States, including the Lake Mariner site in New York and the Nautilus Cryptomine facility in Pennsylvania.