TeraWulf (NASDAQ:WULF) Now Covered by Compass Point

Key Points

• Compass Point has initiated coverage of TeraWulf (NASDAQ:WULF) with a buy rating, indicating positive market sentiment towards the stock.
• Analysts have varying opinions on TeraWulf, with most rating it as a buy and recent upgrades to price targets from B. Riley and Cantor Fitzgerald.
• TeraWulf's recent earnings report revealed a quarterly revenue increase of 33.9% year-over-year, despite missing earnings per share estimates.

Analysts at Compass Point began coverage on shares of TeraWulf (NASDAQ:WULF - Get Free Report) in a note issued to investors on Monday. The brokerage set a "buy" rating on the stock.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of TeraWulf from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. B. Riley upped their price target on shares of TeraWulf from $8.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Rosenblatt Securities increased their price objective on shares of TeraWulf from $10.50 to $12.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Cantor Fitzgerald upped their target price on shares of TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Northland Securities increased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $11.22.

TeraWulf Stock Performance

NASDAQ:WULF opened at $10.76 on Monday. The company's 50-day moving average price is $7.00 and its 200-day moving average price is $4.67. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.96. The company has a market cap of $4.39 billion, a P/E ratio of -30.74 and a beta of 3.36. TeraWulf has a twelve month low of $2.06 and a twelve month high of $11.23.

TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $46.30 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The business's quarterly revenue was up 33.9% on a year-over-year basis. On average, sell-side analysts forecast that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at TeraWulf

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

Institutional Investors Weigh In On TeraWulf

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in TeraWulf by 2.3% in the first quarter. Vanguard Group Inc. now owns 23,880,134 shares of the company's stock valued at $65,193,000 after buying an additional 534,315 shares during the last quarter. Bank of America Corp DE raised its stake in shares of TeraWulf by 22.2% during the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company's stock valued at $63,038,000 after purchasing an additional 2,617,617 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of TeraWulf by 13.8% during the second quarter. Hodges Capital Management Inc. now owns 4,062,480 shares of the company's stock valued at $17,794,000 after purchasing an additional 493,001 shares in the last quarter. Tidal Investments LLC raised its stake in shares of TeraWulf by 6.0% during the second quarter. Tidal Investments LLC now owns 2,673,105 shares of the company's stock valued at $11,708,000 after purchasing an additional 150,346 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TeraWulf by 64.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,646,707 shares of the company's stock valued at $11,590,000 after purchasing an additional 1,033,073 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Company Profile

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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