TeraWulf (NASDAQ:WULF) Price Target Raised to $20.00 at Rosenblatt Securities

Key Points

• Rosenblatt Securities has raised TeraWulf's price target from $14.50 to $20.00, indicating a potential upside of 41.96% from the company's current price.
• Several analysts have varied ratings on TeraWulf, with two giving a Strong Buy rating, while one analyst recently downgraded it to a Sell rating.
• TeraWulf's stock recently traded down by 8.9% to $14.09, and the company reported a revenue increase of 33.9% year-over-year despite missing earnings expectations.

TeraWulf (NASDAQ:WULF - Get Free Report) had its target price hoisted by research analysts at Rosenblatt Securities from $14.50 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' target price would indicate a potential upside of 41.96% from the company's current price.

Several other equities research analysts have also issued reports on WULF. Wall Street Zen lowered shares of TeraWulf from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. B. Riley raised their price target on shares of TeraWulf from $8.00 to $14.00 and gave the company a "buy" rating in a report on Monday, August 18th. Cantor Fitzgerald raised their price target on shares of TeraWulf from $11.00 to $14.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Compass Point initiated coverage on shares of TeraWulf in a report on Monday, September 15th. They set a "buy" rating for the company. Finally, JMP Securities raised their price target on shares of TeraWulf from $7.00 to $13.00 and gave the company a "market outperform" rating in a report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.11.

TeraWulf Trading Down 8.9%

WULF stock traded down $1.38 on Thursday, hitting $14.09. 18,151,179 shares of the company were exchanged, compared to its average volume of 44,835,590. TeraWulf has a twelve month low of $2.06 and a twelve month high of $16.19. The business's fifty day moving average is $10.21 and its two-hundred day moving average is $6.04. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -40.50 and a beta of 3.44. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data 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). 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 analyst estimates of $46.30 million. During the same period in the previous year, the company earned ($0.03) EPS. TeraWulf's revenue was up 33.9% on a year-over-year basis. As a group, research analysts forecast that TeraWulf will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of $39,744.00. Following the completion of the transaction, the director directly owned 40,769 shares of the company's stock, valued at $352,244.16. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WULF. Rhumbline Advisers lifted its position in shares of TeraWulf by 5.5% in the 1st quarter. Rhumbline Advisers now owns 366,217 shares of the company's stock worth $1,000,000 after buying an additional 19,216 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of TeraWulf by 6.2% in the 1st quarter. SG Americas Securities LLC now owns 130,322 shares of the company's stock worth $356,000 after buying an additional 7,597 shares during the last quarter. Little House Capital LLC bought a new position in shares of TeraWulf in the 1st quarter worth about $43,000. Teacher Retirement System of Texas bought a new stake in TeraWulf in the 1st quarter valued at about $115,000. Finally, Calamos Advisors LLC bought a new stake in TeraWulf in the 1st quarter valued at about $33,000. 62.49% of the stock is currently owned by institutional investors.

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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