TeraWulf Inc. (NASDAQ:WULF) Receives $4.49 Consensus Target Price from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.99.

A number of equities research analysts have weighed in on WULF shares. Rosenblatt Securities started coverage on TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target on the stock. Cantor Fitzgerald raised their price target on TeraWulf from $7.00 to $9.00 and gave the company an “overweight” rating in a research report on Wednesday. Compass Point lowered their price target on TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, B. Riley raised their price target on TeraWulf from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Friday.

TeraWulf Stock Up 0.9 %

TeraWulf stock opened at $4.45 on Thursday. TeraWulf has a one year low of $0.89 and a one year high of $5.19. The business has a fifty day moving average price of $2.87 and a 200-day moving average price of $2.33.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The business had revenue of $42.43 million during the quarter, compared to analysts’ expectations of $41.86 million. On average, research analysts predict that TeraWulf will post -0.09 EPS for the current fiscal year.

Insider Transactions at TeraWulf

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $3.25, for a total value of $227,487.00. Following the completion of the transaction, the treasurer now directly owns 337,245 shares in the company, valued at approximately $1,096,046.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 24.88% of the company’s stock.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in TeraWulf by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after acquiring an additional 1,764,115 shares during the last quarter. Van ECK Associates Corp raised its stake in TeraWulf by 50.8% during the 1st quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock valued at $17,708,000 after buying an additional 2,268,870 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in TeraWulf by 126.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company’s stock valued at $5,897,000 after buying an additional 1,372,195 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in TeraWulf by 37.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,672,844 shares of the company’s stock valued at $4,015,000 after buying an additional 459,997 shares during the last quarter. Finally, GM Advisory Group LLC raised its stake in TeraWulf by 3.3% during the 4th quarter. GM Advisory Group LLC now owns 1,237,912 shares of the company’s stock valued at $2,971,000 after buying an additional 39,617 shares during the last quarter. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Company Profile

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.