TeraWulf (NASDAQ:WULF) Given New $12.50 Price Target at Roth Capital

Key Points

• Roth Capital has raised its price target for TeraWulf (NASDAQ:WULF) from $7.00 to $12.50, suggesting a potential upside of 36.28% from the stock's previous close.
• TeraWulf has recently experienced a stock price increase, trading up 5.3% to reach $9.17 per share.
• The company reported a revenue of $47.64 million for the quarter, exceeding analysts' expectations, although it posted an earnings per share of (0.05), missing forecasts.

TeraWulf (NASDAQ:WULF - Get Free Report) had its target price lifted by investment analysts at Roth Capital from $7.00 to $12.50 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Capital's price target suggests a potential upside of 34.70% from the company's previous close.

Several other analysts also recently commented on the company. JMP Securities increased their price objective on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research note on Friday, August 15th. Cantor Fitzgerald increased their price target on TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Northland Securities set a $12.00 price target on TeraWulf in a research report on Thursday, August 14th. Rosenblatt Securities increased their price target on TeraWulf from $6.00 to $10.50 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Citizens Jmp raised TeraWulf to a "strong-buy" rating and set a $7.00 price target for the company in a research report 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $10.72.

TeraWulf Stock Up 5.7%

TeraWulf stock traded up $0.50 during midday trading on Friday, reaching $9.28. The stock had a trading volume of 66,158,809 shares, compared to its average volume of 46,019,297. TeraWulf has a 12 month low of $2.06 and a 12 month high of $10.71. The company has a market capitalization of $3.64 billion, a P/E ratio of -26.51 and a beta of 3.17. The company has a fifty day moving average price of $5.10 and a two-hundred day moving average price of $4.06. 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 (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $47.64 million during the quarter, compared to analyst estimates of $46.30 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The company's revenue was up 33.9% on a year-over-year basis. As a group, equities analysts expect that TeraWulf will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amanda Fabiano sold 4,600 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director owned 40,769 shares in the company, valued at approximately $352,244.16. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.88% of the company's stock.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in TeraWulf by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after acquiring an additional 534,315 shares during the period. Bank of America Corp DE raised its holdings in TeraWulf by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after acquiring an additional 2,617,617 shares during the period. Driehaus Capital Management LLC raised its holdings in TeraWulf by 3.4% during the 4th quarter. Driehaus Capital Management LLC now owns 12,733,291 shares of the company's stock valued at $72,070,000 after acquiring an additional 412,877 shares during the period. Dimensional Fund Advisors LP raised its holdings in TeraWulf by 21.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,369,381 shares of the company's stock valued at $30,387,000 after acquiring an additional 955,795 shares during the period. Finally, Senator Investment Group LP bought a new stake in TeraWulf during the 4th quarter valued at $24,371,000. 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.