TeraWulf Inc. (NASDAQ:WULF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, fifteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.2083.

Several research analysts have issued reports on WULF shares. Morgan Stanley cut their price target on TeraWulf from $72.00 to $62.50 and set an “overweight” rating on the stock in a report on Thursday. B. Riley Financial boosted their price objective on TeraWulf from $32.00 to $40.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Chardan Capital reaffirmed a “buy” rating and set a $32.00 target price on shares of TeraWulf in a research report on Wednesday, August 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of TeraWulf in a report on Thursday, August 6th. Finally, Compass Point set a $40.00 price target on shares of TeraWulf in a research report on Monday, July 6th.

TeraWulf Price Performance

WULF stock opened at $17.60 on Tuesday. The stock has a market capitalization of $8.78 billion, a PE ratio of -4.03 and a beta of 3.76. The company’s 50-day moving average is $21.49 and its 200-day moving average is $19.62. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. TeraWulf has a 1 year low of $8.60 and a 1 year high of $29.84.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts expect that TeraWulf will post -0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the completion of the transaction, the chief executive officer directly owned 4,249,202 shares in the company, valued at $103,808,004.86. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella acquired 3,023 shares of TeraWulf stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $16.54 per share, with a total value of $50,000.42. Following the completion of the acquisition, the director directly owned 341,844 shares of the company’s stock, valued at approximately $5,654,099.76. The trade was a 0.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 15.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently added to or reduced their stakes in WULF. GAMMA Investing LLC increased its holdings in TeraWulf by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after purchasing an additional 681 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after buying an additional 747 shares during the last quarter. R Squared Ltd boosted its position in shares of TeraWulf by 5.0% during the fourth quarter. R Squared Ltd now owns 22,207 shares of the company’s stock valued at $255,000 after buying an additional 1,056 shares during the last quarter. Franklin Resources Inc. grew its holdings in TeraWulf by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 63,005 shares of the company’s stock worth $724,000 after buying an additional 1,259 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in TeraWulf by 14.5% during the fourth quarter. IFP Advisors Inc now owns 12,378 shares of the company’s stock worth $142,000 after buying an additional 1,563 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.