TeraWulf (NASDAQ:WULF) Price Target Cut to $23.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut its price target on TeraWulf to $23.00 (from $24.00) while keeping an "outperform" rating, a target that implies roughly a 54% upside from the stock's prior close.
• Analyst consensus remains largely positive—12 Buys, 1 Hold and 1 Sell—with an average price target of $20.62 and an average rating of "Moderate Buy"; the stock last traded near $14.92 (12‑month range $2.06–$18.51).
• Insiders and institutions are active: Director Michael Bucella bought 3,171 shares at $15.78, insiders own about 19.9% of the stock, and institutions hold roughly 62.5% (Invesco added ~2.14M shares in the latest quarter).

TeraWulf (NASDAQ:WULF - Get Free Report) had its price objective lowered by equities research analysts at Keefe, Bruyette & Woods from $24.00 to $23.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 54.15% from the stock's previous close.

WULF has been the subject of several other reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TeraWulf in a report on Monday, December 29th. Cantor Fitzgerald lifted their target price on shares of TeraWulf from $18.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Morgan Stanley initiated coverage on shares of TeraWulf in a research report on Monday, February 9th. They set an "overweight" rating and a $37.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $21.00 price target on shares of TeraWulf in a report on Tuesday, February 3rd. Finally, B. Riley Financial lifted their price objective on TeraWulf from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, November 12th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.62.

TeraWulf Stock Performance

TeraWulf stock traded up $0.57 during trading hours on Wednesday, reaching $14.92. 12,536,784 shares of the company were exchanged, compared to its average volume of 31,046,234. TeraWulf has a 12 month low of $2.06 and a 12 month high of $18.51. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 33.00. The stock has a 50-day moving average of $14.54 and a 200 day moving average of $13.23. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -9.15 and a beta of 3.67.

Insiders Place Their Bets

In related news, Director Michael C. Bucella purchased 3,171 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $15.78 per share, for a total transaction of $50,038.38. Following the transaction, the director directly owned 270,129 shares of the company's stock, valued at approximately $4,262,635.62. This trade represents a 1.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have acquired 5,256 shares of company stock valued at $80,109. 19.90% of the stock is owned by corporate insiders.

Institutional Trading of TeraWulf

Institutional investors have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of TeraWulf in the 4th quarter worth about $62,000. Caitong International Asset Management Co. Ltd lifted its holdings in TeraWulf by 421.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 81,632 shares of the company's stock valued at $938,000 after purchasing an additional 65,986 shares during the last quarter. Hamilton Wealth LLC boosted its position in TeraWulf by 14.1% in the fourth quarter. Hamilton Wealth LLC now owns 15,750 shares of the company's stock valued at $181,000 after buying an additional 1,950 shares in the last quarter. Invesco Ltd. boosted its position in TeraWulf by 149.8% in the fourth quarter. Invesco Ltd. now owns 3,575,310 shares of the company's stock valued at $41,080,000 after buying an additional 2,144,209 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in TeraWulf during the fourth quarter worth about $117,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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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