TeraWulf (NASDAQ:WULF) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

TeraWulf (NASDAQ:WULF) had its price objective boosted by Needham & Company LLC from $11.00 to $21.00 in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 41.70% from the company’s current price.

WULF has been the subject of several other reports. UBS Group set a $18.25 price objective on TeraWulf in a report on Friday, October 24th. B. Riley reiterated a “buy” rating on shares of TeraWulf in a report on Wednesday, October 22nd. Cantor Fitzgerald lifted their price objective on TeraWulf from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Northland Securities set a $16.25 price target on TeraWulf in a research note on Friday, October 17th. Finally, Rosenblatt Securities boosted their price target on TeraWulf from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf presently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

TeraWulf Price Performance

NASDAQ WULF opened at $14.82 on Wednesday. TeraWulf has a one year low of $2.06 and a one year high of $17.05. The stock has a 50-day moving average of $11.66 and a 200 day moving average of $6.93. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -42.34 and a beta of 3.44. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The business had revenue of $47.64 million during the quarter, compared to the consensus estimate of $46.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. TeraWulf’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, sell-side analysts forecast that TeraWulf will post -0.17 EPS for the current year.

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of TeraWulf stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares of the company’s stock, valued at $352,244.16. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. purchased a new position in shares of TeraWulf during the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC lifted its position in shares of TeraWulf by 135.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after buying an additional 3,784 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after buying an additional 4,800 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in TeraWulf by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock worth $30,000 after purchasing an additional 2,748 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in TeraWulf in the 1st quarter worth approximately $33,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

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.