TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on TeraWulf, with 18 buy ratings, three strong buys, three holds and one sell. The average 12-month price target is $33.33, versus shares opening at $15.09.
• TeraWulf reported a significant quarterly earnings miss, posting $(1.94) EPS versus the $(0.24) consensus estimate. Revenue fell 6% year over year to $44.77 million, slightly below expectations.
• Insider activity was mixed: a director purchased nearly $90,000 of shares, while CEO Paul Prager sold $2.35 million under a pre-arranged Rule 10b5-1 plan. Institutional investors and hedge funds own 62.49% of the company.

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-five brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.33.

A number of research analysts have recently commented on the company. UBS Group initiated coverage on TeraWulf in a report on Wednesday, September 23rd. They set a "buy" rating and a $24.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TeraWulf in a report on Monday, September 21st. William Blair initiated coverage on shares of TeraWulf in a research report on Friday, August 28th. They issued an "outperform" rating for the company. Zacks Research raised shares of TeraWulf from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $37.00 price target on shares of TeraWulf in a research note on Wednesday, July 15th.

TeraWulf Stock Performance

Shares of WULF stock opened at $15.09 on Wednesday. TeraWulf has a 12-month low of $10.47 and a 12-month high of $29.84. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of -3.45 and a beta of 3.70. The business has a 50 day simple moving average of $16.65 and a 200 day simple moving average of $19.77. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced 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). TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The business had revenue of $44.77 million for the quarter, compared to the consensus estimate of $46.00 million. During the same period in the previous year, the firm earned ($0.05) EPS. The firm's revenue was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that TeraWulf will post -0.95 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael Bucella bought 6,085 shares of the company's stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 350,789 shares in the company, valued at approximately $5,188,169.31. This trade represents a 1.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul Prager sold 137,500 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.06, for a total value of $2,345,750.00. Following the completion of the sale, the chief executive officer owned 3,807,552 shares of the company's stock, valued at $64,956,837.12. This trade represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought a total of 11,968 shares of company stock valued at $189,962 over the last quarter. Corporate insiders own 15.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of TeraWulf by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company's stock worth $84,000 after acquiring an additional 681 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company's stock valued at $36,000 after purchasing an additional 747 shares during the period. Ameritas Advisory Services LLC purchased a new position in TeraWulf in the 2nd quarter worth about $41,000. Sargent Investment Group LLC raised its holdings in TeraWulf by 6.4% during the 4th quarter. Sargent Investment Group LLC now owns 29,535 shares of the company's stock worth $339,000 after buying an additional 1,785 shares during the period. Finally, Hamilton Wealth LLC lifted its stake in TeraWulf by 11.4% during the first quarter. Hamilton Wealth LLC now owns 17,550 shares of the company's stock valued at $253,000 after buying an additional 1,800 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

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.

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