TeraWulf (NASDAQ:WULF) Stock Price Target Cut by Rosenblatt Securities

TeraWulf (NASDAQ:WULF) had its price target dropped by stock analysts at Rosenblatt Securities from $30.00 to $20.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities‘s price target would indicate a potential upside of 61.73% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Zacks Research cut TeraWulf from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. HC Wainwright reaffirmed a “buy” rating on shares of TeraWulf in a report on Friday, August 21st. B. Riley Financial cut their price objective on TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Cantor Fitzgerald reduced their target price on TeraWulf from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, Chardan Capital restated a “buy” rating and set a $32.00 target price on shares of TeraWulf in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.77.

TeraWulf Stock Performance

Shares of TeraWulf stock traded up $1.00 on Monday, reaching $12.37. 20,609,733 shares of the stock were exchanged, compared to its average volume of 33,246,934. The firm has a market capitalization of $6.17 billion, a PE ratio of -3.74 and a beta of 4.00. TeraWulf has a 1-year low of $9.51 and a 1-year high of $29.84. The business has a fifty day moving average price of $14.21 and a two-hundred day moving average price of $17.95. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Friday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. TeraWulf had a negative net margin of 410.92% and a positive return on equity of 336.44%. The firm had revenue of $76.23 million during the quarter, compared to the consensus estimate of $62.49 million. During the same quarter last year, the firm earned ($1.13) earnings per share. The firm’s revenue was up 50.7% compared to the same quarter last year. As a group, research analysts anticipate that TeraWulf will post -1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TeraWulf news, Director Walter Carter sold 130,626 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the transaction, the director directly owned 229,090 shares of the company’s stock, valued at approximately $3,468,422.60. This trade represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Bucella bought 6,085 shares of the company’s stock in a transaction on 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 completion of the acquisition, the director owned 350,789 shares of the company’s stock, valued at $5,188,169.31. This represents a 1.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 11,968 shares of company stock worth $189,962. 15.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TeraWulf

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in TeraWulf by 25.2% during the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after purchasing an additional 681 shares during the last quarter. CoreCap Advisors LLC boosted its position in TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after purchasing an additional 747 shares in the last quarter. State of Wyoming grew its holdings in TeraWulf by 13.5% in the third quarter. State of Wyoming now owns 7,331 shares of the company’s stock valued at $108,000 after purchasing an additional 870 shares during the last quarter. Vima LLC grew its holdings in TeraWulf by 0.7% in the third quarter. Vima LLC now owns 145,545 shares of the company’s stock valued at $2,154,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in TeraWulf in the second quarter valued at $41,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Company Profile

TeraWulf, Inc develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing.

Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.

Founded in 2021, TeraWulf was co-founded by Paul Prager, who serves as the company’s chief executive officer.