TeraWulf (NASDAQ:WULF) Rating Increased to Strong-Buy at UBS Group

Key Points

• UBS upgraded TeraWulf to “strong buy,” adding to a broadly favorable analyst outlook. Four analysts rate the stock a Strong Buy, 17 rate it Buy, and the consensus target is $33.33.
• TeraWulf shares opened at $16.35 after declining 5.7%, well below the 12-month high of $29.84. The company reported a quarterly loss of $1.94 per share, substantially missing the $0.24 consensus estimate, while revenue fell 6% year over year to $44.77 million.
• Insider activity was mixed but skewed toward selling over the past 90 days: insiders bought about $190,000 of shares and sold approximately $8.0 million. Institutional investors own 62.49% of the company.

TeraWulf (NASDAQ:WULF - Get Free Report) was upgraded by stock analysts at UBS Group to a "strong-buy" rating in a note issued to investors on Wednesday, Zacks reports.

Several other research analysts also recently commented on WULF. Rosenblatt Securities reaffirmed a "buy" rating and issued a $30.00 target price on shares of TeraWulf in a research note on Friday, August 21st. Sanford C. Bernstein assumed coverage on shares of TeraWulf in a report on Wednesday, June 3rd. They issued an "outperform" rating and a $46.00 price target on the stock. Morgan Stanley lowered their price objective on shares of TeraWulf from $72.00 to $62.50 and set an "overweight" rating for the company in a research note on Thursday, August 13th. Citigroup started coverage on shares of TeraWulf in a report on Monday, June 29th. They set a "buy" rating and a $36.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their target price on TeraWulf from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, TeraWulf currently has an average rating of "Moderate Buy" and an average target price of $33.33.

TeraWulf Stock Down 5.7%

WULF opened at $16.35 on Wednesday. TeraWulf has a 12 month low of $10.43 and a 12 month high of $29.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. The business's 50-day moving average price is $16.90 and its 200-day moving average price is $19.74. The company has a market cap of $8.16 billion, a P/E ratio of -3.74 and a beta of 3.70.

TeraWulf (NASDAQ:WULF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The company had revenue of $44.77 million for the quarter, compared to analysts' expectations of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The company's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities analysts expect that TeraWulf will post -0.95 EPS for the current year.

Insider Buying and Selling at TeraWulf

In related news, Director Michael C. Bucella bought 6,085 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of $14.79 per share, with a total value of $89,997.15. Following the purchase, the director owned 350,789 shares of the company's stock, valued at approximately $5,188,169.31. This trade represents a 1.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Walter E. Carter sold 130,626 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the transaction, the director owned 229,090 shares in the company, valued at $3,468,422.60. This represents a 36.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 11,968 shares of company stock valued at $189,962 and have sold 405,626 shares valued at $7,980,928. Insiders own 15.90% of the company's stock.

Hedge Funds Weigh In On TeraWulf

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its stake in shares of TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock worth $36,000 after acquiring an additional 747 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of TeraWulf during the second quarter valued at approximately $41,000. First United Bank & Trust purchased a new position in shares of TeraWulf during the first quarter valued at approximately $37,000. Vermillion Wealth Management Inc. boosted its position in shares of TeraWulf by 1,191.0% in the 4th quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after purchasing an additional 2,394 shares in the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors own 62.49% of the company's stock.

Key Headlines Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf reportedly secured a 20-year lease tied to Anthropic’s AI infrastructure needs. The long-term agreement strengthens revenue visibility and supports the company’s strategy of converting its power capacity and data-center assets to high-performance computing. Why TeraWulf Is Up 6.2% After Securing a 20-Year Anthropic AI Lease
• Positive Sentiment: UBS initiated coverage of WULF with a Buy rating, identifying TeraWulf as one of several crypto-mining companies positioned to benefit from strong demand for AI computing and limited available capacity. UBS cited the company’s power access and existing infrastructure as competitive advantages. UBS Turns Bullish on Five AI Data Center Stocks
• Positive Sentiment: Wells Fargo also began coverage with an Overweight rating, adding another favorable institutional view of TeraWulf’s AI data-center transition and growth prospects. Wells Fargo Initiates Coverage of TeraWulf With Overweight Rating
• Neutral Sentiment: Rothschild & Co. Redburn initiated coverage with a Neutral rating and a $15 price target. The call suggests the firm sees meaningful AI potential but believes the current valuation already reflects much of the expected growth. Rothschild Redburn Starts TeraWulf at Neutral

About TeraWulf

TeraWulf Inc NASDAQ: WULF develops and operates digital-asset mining and high-performance computing infrastructure. The company has focused primarily on bitcoin mining while expanding its data-center platform to support artificial intelligence, cloud computing and other high-density computing applications.

TeraWulf emphasizes access to low-cost, predominantly zero-carbon energy and designs, builds and operates energy-intensive data-center facilities. Its operations have included the Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, which was developed in collaboration with Cumulus Coin.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.