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

Key Points

• TeraWulf Inc. (NASDAQ:WULF) received an average rating of "Buy" from ten research firms, with a twelve-month target price of $8.06.
• In its latest quarterly earnings, the company reported a loss of ($0.16) EPS, falling short of analysts' expectations, with revenue down 18.9% from the previous year.
• Institutional investors hold 62.49% of TeraWulf's shares, with significant recent acquisitions from groups such as Senator Investment Group and Hodges Capital Management.

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have received an average recommendation of "Buy" from the ten research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $8.06.

Several research firms recently commented on WULF. Citizens Jmp upgraded TeraWulf to a "strong-buy" rating and set a $7.00 target price for the company in a research report on Thursday, May 22nd. JMP Securities began coverage on TeraWulf in a research report on Thursday, May 22nd. They set a "market outperform" rating and a $7.00 target price for the company. Finally, Rosenblatt Securities boosted their target price on TeraWulf from $4.50 to $6.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of TeraWulf by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock worth $65,193,000 after buying an additional 534,315 shares during the last quarter. Driehaus Capital Management LLC boosted its stake 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 purchasing an additional 412,877 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TeraWulf by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 7,636,552 shares of the company's stock valued at $43,232,000 after buying an additional 453,429 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 955,795 shares during the period. Finally, Senator Investment Group LP bought a new position in shares of TeraWulf during the 4th quarter valued at $24,371,000. Institutional investors own 62.49% of the company's stock.

TeraWulf Stock Performance

TeraWulf stock traded down $0.40 during mid-day trading on Friday, reaching $4.76. 30,968,723 shares of the company's stock were exchanged, compared to its average volume of 45,579,628. The business's fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.01. The firm has a market capitalization of $1.83 billion, a PE ratio of -14.42 and a beta of 3.11. TeraWulf has a one year low of $2.06 and a one year high of $9.30. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.03.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 42.09% and a negative net margin of 94.09%. The firm had revenue of $34.41 million during the quarter, compared to analysts' expectations of $45.72 million. TeraWulf's quarterly revenue was down 18.9% compared to the same quarter last year. On average, sell-side analysts expect that TeraWulf will post -0.17 earnings per share for the current year.

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.