TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Rating of “Moderate Buy” from Analysts

TeraWulf Inc. (NASDAQ:WULF) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.7167.

Several brokerages have recently issued reports on WULF. Cantor Fitzgerald raised their price target on shares of TeraWulf from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Citigroup reissued an “outperform” rating on shares of TeraWulf in a report on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $32.00 target price on shares of TeraWulf in a research report on Friday, April 17th. B. Riley Financial increased their target price on TeraWulf from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley set a $66.50 target price on TeraWulf in a research report on Wednesday.

Insiders Place Their Bets

In other TeraWulf news, CFO Patrick Fleury sold 26,414 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $16.14, for a total transaction of $426,321.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul B. Prager sold 166,650 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $24.43, for a total value of $4,071,259.50. Following the sale, the chief executive officer owned 4,249,202 shares in the company, valued at approximately $103,808,004.86. This represents a 3.77% 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. Over the last 90 days, insiders have purchased 9,269 shares of company stock worth $140,341 and have sold 1,120,850 shares worth $20,462,114. Company insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of TeraWulf during the third quarter worth $29,000. Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company’s stock valued at $30,000 after purchasing an additional 2,394 shares during the period. Solstein Capital LLC bought a new position in TeraWulf in the 4th quarter valued at $34,000. Comerica Bank boosted its holdings in TeraWulf by 3,748.5% in the 1st quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares during the period. Finally, First United Bank & Trust bought a new position in TeraWulf in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Trading Down 1.2%

Shares of WULF stock opened at $26.16 on Thursday. The company has a 50 day moving average of $20.72 and a 200-day moving average of $16.47. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 33.00. TeraWulf has a 12-month low of $3.39 and a 12-month high of $27.47. The firm has a market cap of $12.96 billion, a P/E ratio of -10.55 and a beta of 3.82.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.82). TeraWulf had a negative return on equity of 305.07% and a negative net margin of 611.46%.The company had revenue of $34.01 million for the quarter, compared to analysts’ expectations of $34.69 million. During the same quarter in the previous year, the business earned ($0.16) EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that TeraWulf will post -0.96 earnings per share for the current year.

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.