TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Moderate Buy” by Brokerages

TeraWulf Inc. (NASDAQ:WULF) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $25.3077.

Several brokerages recently commented on WULF. Morgan Stanley reaffirmed an “overweight” rating and issued a $41.50 target price on shares of TeraWulf in a research report on Monday, April 27th. Rosenblatt Securities reissued a “buy” rating and issued a $23.00 price target on shares of TeraWulf in a report on Wednesday, April 15th. Roth Mkm restated a “buy” rating and issued a $32.00 price objective on shares of TeraWulf in a research note on Friday, April 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of TeraWulf in a report on Wednesday, April 15th. Finally, Cantor Fitzgerald lifted their target price on shares of TeraWulf from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $21.31 on Friday. TeraWulf has a 1-year low of $2.89 and a 1-year high of $22.63. The firm has a market capitalization of $9.28 billion, a PE ratio of -13.07 and a beta of 3.84. The business’s 50 day moving average is $17.04 and its 200-day moving average is $14.94. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 33.00.

Insiders Place Their Bets

In other TeraWulf news, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $20.80, for a total transaction of $2,860,000.00. Following the sale, the chief executive officer directly owned 963,520 shares of the company’s stock, valued at approximately $20,041,216. The trade was a 12.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick Fleury sold 573,586 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $16.14, for a total value of $9,257,678.04. Following the completion of the sale, the chief financial officer owned 3,205,000 shares in the company, valued at approximately $51,728,700. This represents a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 13,094 shares of company stock worth $200,392 and sold 954,200 shares worth $16,390,854. Corporate insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WULF. Vanguard Group Inc. lifted its holdings in shares of TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock valued at $386,558,000 after acquiring an additional 9,162,958 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of TeraWulf in the 3rd quarter worth about $69,006,000. Wellington Management Group LLP increased its position in shares of TeraWulf by 36,193.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock worth $44,559,000 after purchasing an additional 3,891,127 shares in the last quarter. Marshall Wace LLP increased its position in shares of TeraWulf by 574.2% during the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock worth $36,609,000 after purchasing an additional 2,713,587 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after purchasing an additional 2,617,617 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.