TeraWulf (NASDAQ:WULF) Price Target Raised to $12.00

Key Points

• Rosenblatt Securities has increased its price target for TeraWulf's stock from $10.50 to $12.00, indicating a potential upside of 30.58% from its previous close.
• Multiple analysts are optimistic, with Roth Capital raising their target to $12.50 and B. Riley setting it at $14.00, contributing to a consensus rating of "Buy."
• TeraWulf reported a 33.9% increase in revenue year-over-year but missed EPS estimates, demonstrating mixed financial performance amid analyst optimism.

TeraWulf (NASDAQ:WULF - Free Report) had its price target hoisted by Rosenblatt Securities from $10.50 to $12.00 in a research report released on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other research firms have also issued reports on WULF. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Wall Street Zen raised shares of TeraWulf from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Roth Capital lifted their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, August 15th. Northland Securities set a $12.00 price target on TeraWulf in a report on Thursday, August 14th. Finally, Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $11.22.

TeraWulf Stock Performance

WULF traded up $0.08 during midday trading on Friday, hitting $9.32. 15,823,264 shares of the company were exchanged, compared to its average volume of 45,943,352. The company's 50 day simple moving average is $5.60 and its 200 day simple moving average is $4.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. TeraWulf has a 1-year low of $2.06 and a 1-year high of $10.71. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -26.62 and a beta of 3.17.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The company had revenue of $47.64 million for the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The firm's revenue was up 33.9% on a year-over-year basis. As a group, sell-side analysts predict that TeraWulf will post -0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the sale, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TeraWulf

Large investors have recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. bought a new stake in TeraWulf during the first quarter valued at $29,000. Nisa Investment Advisors LLC boosted its stake in shares of TeraWulf by 135.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company's stock valued at $29,000 after purchasing an additional 3,784 shares during the period. Steward Partners Investment Advisory LLC raised its position in TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company's stock valued at $29,000 after purchasing an additional 4,800 shares during the last quarter. Advisors Asset Management Inc. raised its stake in TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock worth $30,000 after buying an additional 2,748 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of TeraWulf in the 1st quarter worth about $33,000. 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.