TeraWulf (NASDAQ:WULF) Receives New Coverage from Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of TeraWulf (NASDAQ:WULF) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $6.50 price target on the stock.

Several other brokerages have also recently commented on WULF. Compass Point lowered their price target on shares of TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a research report on Thursday, March 21st. B. Riley increased their price objective on shares of TeraWulf from $5.00 to $6.00 and gave the stock a buy rating in a research note on Friday, June 28th. Rosenblatt Securities began coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a buy rating and a $4.20 target price on the stock. Finally, Cantor Fitzgerald lifted their target price on shares of TeraWulf from $7.00 to $9.00 and gave the stock an overweight rating in a research note on Wednesday, June 26th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $5.21.

TeraWulf Trading Down 3.1 %

WULF stock opened at $5.05 on Tuesday. The company has a 50 day moving average of $2.97 and a two-hundred day moving average of $2.39. TeraWulf has a 12-month low of $0.89 and a 12-month high of $5.34.

TeraWulf (NASDAQ:WULF) last announced its quarterly 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). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The company had revenue of $42.43 million during the quarter, compared to analyst estimates of $41.86 million. Equities research analysts expect that TeraWulf will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other TeraWulf news, Treasurer Kenneth J. Deane sold 69,996 shares of TeraWulf stock in a transaction on Friday, June 7th. The stock was sold at an average price of $3.25, for a total value of $227,487.00. Following the completion of the sale, the treasurer now owns 337,245 shares of the company’s stock, valued at approximately $1,096,046.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 24.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC purchased a new stake in TeraWulf in the fourth quarter worth about $27,000. Partners Capital Investment Group LLP purchased a new stake in shares of TeraWulf during the fourth quarter valued at $29,000. Miracle Mile Advisors LLC acquired a new position in TeraWulf in the 1st quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of TeraWulf during the fourth quarter worth $30,000. Finally, Regatta Capital Group LLC acquired a new position in shares of TeraWulf in the 4th quarter valued at about $31,000. Institutional investors own 62.49% of the company’s stock.

About TeraWulf

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.