TeraWulf (NASDAQ:WULF) Upgraded by Roth Capital to Strong-Buy

Roth Capital upgraded shares of TeraWulf (NASDAQ:WULF) to a strong-buy rating in a research note published on Tuesday, Zacks.com reports.

WULF has been the subject of a number of other research reports. B. Riley increased their target price on shares of TeraWulf from $5.00 to $6.00 and gave the company a buy rating in a research report on Friday, June 28th. Roth Mkm assumed coverage on TeraWulf in a report on Tuesday. They set a buy rating and a $6.50 price objective for the company. Rosenblatt Securities began coverage on TeraWulf in a research note on Tuesday, April 9th. They set a buy rating and a $4.20 target price on the stock. Cantor Fitzgerald increased their price target on TeraWulf from $7.00 to $9.00 and gave the company an overweight rating in a research note on Wednesday, June 26th. Finally, Compass Point lowered their price target on TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a report on Thursday, March 21st. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf currently has a consensus rating of Buy and an average target price of $5.21.

TeraWulf Trading Down 3.1 %

Shares of NASDAQ:WULF opened at $5.05 on Tuesday. TeraWulf has a 12-month low of $0.89 and a 12-month high of $5.34. The business’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $2.39.

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

Insider Activity

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of TeraWulf stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the completion of the sale, the treasurer now owns 337,245 shares of the company’s stock, valued at $1,096,046.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 24.88% of the company’s stock.

Institutional Trading of TeraWulf

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after acquiring an additional 6,450 shares during the period. Miracle Mile Advisors LLC purchased a new stake in TeraWulf in the first quarter valued at $29,000. Apollon Wealth Management LLC acquired a new stake in TeraWulf during the 4th quarter worth about $27,000. Delta Financial Group Inc. raised its stake in shares of TeraWulf by 33.6% during the 1st quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock valued at $116,000 after buying an additional 11,100 shares during the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in shares of TeraWulf in the 4th quarter valued at about $29,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.