TeraWulf (NASDAQ:WULF) Earns "Buy" Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a “buy” rating on TeraWulf and kept a $30 price target, implying about 54.6% upside from the current price.
• Other analysts remain generally constructive: the stock has a Moderate Buy consensus rating with a $34.25 average price target, though Zacks recently downgraded it to strong sell.
• TeraWulf’s latest results were weak, with EPS of -$1.01 missing estimates and revenue slightly below expectations, while insiders and institutions showed mixed activity, including CEO Paul B. Prager’s stock sale.

TeraWulf (NASDAQ:WULF - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $30.00 price target on the stock. Rosenblatt Securities' price objective points to a potential upside of 54.56% from the stock's current price.

Several other equities analysts also recently issued reports on WULF. B. Riley Financial boosted their price objective on TeraWulf from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods lifted their target price on TeraWulf from $25.00 to $33.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Lucid Cap Mkts raised TeraWulf to a "strong-buy" rating in a research note on Wednesday, May 27th. Compass Point set a $40.00 price target on TeraWulf in a report on Monday, July 6th. Finally, Zacks Research cut shares of TeraWulf from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.25.

TeraWulf Stock Performance

WULF stock opened at $19.41 on Wednesday. TeraWulf has a 1 year low of $4.64 and a 1 year high of $29.84. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of -7.83 and a beta of 3.73. The company has a debt-to-equity ratio of 33.00, a quick ratio of 1.20 and a current ratio of 1.20. The stock's fifty day moving average is $24.49 and its two-hundred day moving average is $18.80.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.82). TeraWulf had a negative net margin of 611.46% and a negative return on equity of 305.07%. The firm had revenue of $34.01 million for the quarter, compared to analyst estimates of $34.69 million. During the same period in the previous year, the firm earned ($0.16) earnings per share. The company's revenue for the quarter was down 1.1% on a year-over-year basis. On average, research analysts predict that TeraWulf will post -1.09 EPS for the current year.

Insider Activity

In other news, CEO Paul B. Prager sold 166,650 shares of TeraWulf stock in a transaction on Tuesday, May 26th. The stock was 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 in the company, valued at approximately $103,808,004.86. This trade represents a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 520,850 shares of company stock worth $12,221,864. 15.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of TeraWulf by 25.2% during the second quarter. GAMMA Investing LLC now owns 3,387 shares of the company's stock worth $84,000 after purchasing an additional 681 shares during the period. CoreCap Advisors LLC increased its stake in 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 buying an additional 747 shares during the period. Kraematon Investment Advisors Inc. lifted its position in TeraWulf by 2.3% in the 4th quarter. Kraematon Investment Advisors Inc. now owns 42,452 shares of the company's stock worth $488,000 after buying an additional 952 shares in the last quarter. R Squared Ltd lifted its position in TeraWulf by 5.0% in the 4th quarter. R Squared Ltd now owns 22,207 shares of the company's stock worth $255,000 after buying an additional 1,056 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of TeraWulf by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 63,005 shares of the company's stock valued at $724,000 after buying an additional 1,259 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Company Profile

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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