TeraWulf (NASDAQ:WULF) Given New $14.50 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities raised TeraWulf's price target to $14.50, up from $12.00, suggesting a potential upside of 26.42%.
• The company recently reported a quarterly EPS of ($0.05), slightly missing expectations, but showed a 33.9% year-over-year increase in revenue.
• Currently, TeraWulf has a consensus rating of "Buy" from analysts, with 62.49% of the stock owned by institutional investors and hedge funds.

TeraWulf (NASDAQ:WULF - Get Free Report) had its price objective hoisted by investment analysts at Rosenblatt Securities from $12.00 to $14.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' target price points to a potential upside of 26.42% from the company's previous close.

Several other research firms have also recently weighed in on WULF. Roth Capital increased their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a research report on Friday, August 15th. Wall Street Zen cut shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Northland Securities increased their price objective on shares of TeraWulf from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. 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. Finally, JMP Securities increased their price objective on shares of TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TeraWulf has a consensus rating of "Buy" and a consensus price target of $11.50.

TeraWulf Price Performance

WULF stock opened at $11.47 on Thursday. The company has a fifty day moving average price of $8.59 and a 200-day moving average price of $5.35. The company has a market capitalization of $4.68 billion, a P/E ratio of -32.77 and a beta of 3.44. TeraWulf has a 52-week low of $2.06 and a 52-week high of $12.06. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66.

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

Insider Buying and Selling

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the completion of the sale, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WULF. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TeraWulf by 20.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 569,275 shares of the company's stock valued at $3,222,000 after buying an additional 95,860 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of TeraWulf by 13.3% during the fourth quarter. California State Teachers Retirement System now owns 266,955 shares of the company's stock valued at $1,511,000 after buying an additional 31,236 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of TeraWulf by 5.5% during the first quarter. Rhumbline Advisers now owns 366,217 shares of the company's stock valued at $1,000,000 after buying an additional 19,216 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of TeraWulf during the first quarter valued at about $305,000. Finally, RFG Advisory LLC acquired a new position in shares of TeraWulf during the first quarter valued at about $290,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.

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