TeraWulf Inc. (NASDAQ:WULF) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on TeraWulf, with 16 buy ratings, two strong-buy ratings, two holds and one sell. The average 12-month price target is $34.21, well above the reported $16.51 share price.
• TeraWulf’s latest quarter fell short of expectations, reporting a $1.94 loss per share versus the $0.24 expected loss. Revenue declined 6% year over year to $44.77 million, while the company posted sharply negative margins and return on equity.
• Insider activity was mixed: a director sold 130,626 shares, and insiders sold roughly $8.0 million of stock during the last quarter, while another director purchased approximately $50,000 worth. Institutional investors own 62.49% of the company.

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $34.2083.

WULF has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of TeraWulf in a research report on Wednesday, June 24th. Compass Point set a $40.00 price objective on shares of TeraWulf in a research note on Monday, July 6th. Keefe, Bruyette & Woods cut their price objective on shares of TeraWulf from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Sanford C. Bernstein assumed coverage on shares of TeraWulf in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $46.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $37.00 price target on shares of TeraWulf in a report on Wednesday, July 15th.

TeraWulf Price Performance

Shares of WULF opened at $16.51 on Friday. The company's fifty day moving average price is $18.34 and its 200-day moving average price is $19.67. TeraWulf has a 1-year low of $8.70 and a 1-year high of $29.84. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $8.24 billion, a PE ratio of -3.78 and a beta of 3.70.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts predict that TeraWulf will post -0.95 EPS for the current year.

Insider Activity

In related news, Director Walter E. Carter sold 130,626 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the sale, the director directly owned 229,090 shares of the company's stock, valued at $3,468,422.60. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael C. Bucella purchased 3,023 shares of TeraWulf stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $16.54 per share, with a total value of $50,000.42. Following the completion of the transaction, the director owned 341,844 shares of the company's stock, valued at $5,654,099.76. This represents a 0.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 405,626 shares of company stock valued at $7,980,928 in the last quarter. 15.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds and other institutional investors have recently made changes to their positions in WULF. Advisory Services Network LLC purchased a new position in shares of TeraWulf during the 3rd quarter valued at approximately $29,000. Vermillion Wealth Management Inc. boosted its holdings in TeraWulf by 1,191.0% during the fourth quarter. Vermillion Wealth Management Inc. now owns 2,595 shares of the company's stock worth $30,000 after buying an additional 2,394 shares in the last quarter. Solstein Capital LLC purchased a new stake in TeraWulf during the fourth quarter worth $34,000. Comerica Bank grew its position in TeraWulf by 3,748.5% during the first quarter. Comerica Bank now owns 12,700 shares of the company's stock valued at $35,000 after buying an additional 12,370 shares during the period. Finally, CoreCap Advisors LLC grew its position in TeraWulf by 106.7% during the second quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after buying an additional 747 shares during the period. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Company Profile

TeraWulf, Inc NASDAQ: WULF is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.

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