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

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.7361.

A number of brokerages have commented on WULF. Bank of America assumed coverage on TeraWulf in a report on Monday, June 15th. They issued a "buy" rating and a $34.00 price objective on the stock. Compass Point set a $40.00 target price on shares of TeraWulf in a research report on Monday, July 6th. Northland Securities set a $30.00 price target on shares of TeraWulf in a research note on Monday, May 4th. Citigroup started coverage on shares of TeraWulf in a research report on Monday, June 29th. They set a "buy" rating and a $36.00 price target on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of TeraWulf in a research note on Wednesday, June 3rd. They issued an "outperform" rating and a $46.00 price objective for the company.

Insider Activity

In other news, CEO Paul B. Prager sold 166,650 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.43, for a total transaction of $4,071,259.50. Following the transaction, the chief executive officer directly owned 4,249,202 shares of the company's stock, valued at approximately $103,808,004.86. This trade represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 15.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TeraWulf

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company's stock valued at $386,558,000 after purchasing an additional 9,162,958 shares in the last quarter. Engle Capital Management L.P. lifted its stake in TeraWulf by 574.3% during the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company's stock worth $42,570,000 after purchasing an additional 2,512,600 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of TeraWulf by 45.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 140,101 shares of the company's stock valued at $1,610,000 after purchasing an additional 43,574 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of TeraWulf by 178.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 151,005 shares of the company's stock valued at $1,735,000 after purchasing an additional 96,843 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of TeraWulf in the 1st quarter valued at $53,418,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Performance

Shares of WULF stock opened at $16.20 on Tuesday. The company has a fifty day moving average price of $22.36 and a two-hundred day moving average price of $19.51. TeraWulf has a one year low of $5.02 and a one year high of $29.84. The stock has a market cap of $8.08 billion, a P/E ratio of -3.71 and a beta of 3.76. The company has a debt-to-equity ratio of 33.00, a current ratio of 1.20 and a quick ratio of 1.20.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) 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 512.60%. The business had revenue of $44.77 million during the quarter, compared to the consensus estimate of $46.00 million. During the same quarter in the prior year, the company earned ($0.05) EPS. TeraWulf's quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts predict that TeraWulf will post -1 EPS for the current year.

About TeraWulf

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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