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

Shares of TeraWulf Inc. (NASDAQ:WULF) have been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.49.

Several equities analysts have recently issued reports on the stock. Compass Point decreased their price target on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a report on Thursday, March 21st. Cantor Fitzgerald increased their price target on TeraWulf from $7.00 to $9.00 and gave the stock an “overweight” rating in a report on Wednesday. Rosenblatt Securities started coverage on TeraWulf in a report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price objective on the stock. Finally, B. Riley decreased their price objective on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, April 5th.

Insiders Place Their Bets

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of TeraWulf 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 sale, the treasurer now directly owns 337,245 shares in the company, valued at $1,096,046.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WULF. Miracle Mile Advisors LLC bought a new stake in shares of TeraWulf in the 1st quarter valued at about $29,000. Apollon Wealth Management LLC acquired a new stake in shares of TeraWulf in the fourth quarter valued at approximately $27,000. Partners Capital Investment Group LLP bought a new position in shares of TeraWulf during the 4th quarter worth approximately $29,000. Global Retirement Partners LLC acquired a new position in shares of TeraWulf during the 4th quarter worth approximately $30,000. Finally, Regatta Capital Group LLC bought a new stake in TeraWulf in the 4th quarter valued at $31,000. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Stock Performance

Shares of NASDAQ:WULF opened at $4.59 on Thursday. TeraWulf has a twelve month low of $0.89 and a twelve month high of $5.19. The business has a fifty day moving average of $2.79 and a 200-day moving average of $2.29.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Monday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The company had revenue of $42.43 million during the quarter, compared to the consensus estimate of $41.86 million. TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. As a group, research analysts forecast that TeraWulf will post -0.09 earnings per share for the current year.

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.