TeraWulf Inc. (NASDAQ:WULF) Receives $11.22 Average PT from Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have received an average rating of “Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.2222.

A number of brokerages have issued reports on WULF. B. Riley upped their price objective on TeraWulf from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Compass Point began coverage on TeraWulf in a research report on Monday, September 15th. They set a “buy” rating on the stock. JMP Securities upped their price objective on TeraWulf from $7.00 to $13.00 and gave the company a “market outperform” rating in a research report on Friday, August 15th. Rosenblatt Securities upped their price objective on TeraWulf from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Roth Capital upped their price objective on TeraWulf from $7.00 to $12.50 and gave the company a “buy” rating in a research report on Friday, August 15th.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the sale, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its holdings in shares of TeraWulf by 5.2% in the second quarter. Sei Investments Co. now owns 37,529 shares of the company’s stock worth $164,000 after buying an additional 1,869 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company’s stock worth $181,000 after buying an additional 2,258 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after buying an additional 2,748 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of TeraWulf by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,677 shares of the company’s stock worth $261,000 after buying an additional 2,905 shares during the period. Finally, Main Management ETF Advisors LLC raised its holdings in shares of TeraWulf by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 201,533 shares of the company’s stock worth $883,000 after buying an additional 3,276 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $11.49 on Friday. TeraWulf has a 12 month low of $2.06 and a 12 month high of $11.77. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. The stock has a 50 day moving average of $7.73 and a 200 day moving average of $4.98. The firm has a market cap of $4.69 billion, a PE ratio of -32.83 and a beta of 3.36.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The company had revenue of $47.64 million for the quarter, compared to analysts’ expectations of $46.30 million. During the same quarter last year, the company earned ($0.03) earnings per share. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. On average, research 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.