TeraWulf (NASDAQ:WULF) Stock Rating Lowered by Wall Street Zen

TeraWulf (NASDAQ:WULF - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

WULF has been the subject of a number of other reports. JMP Securities lifted their price objective on shares of TeraWulf from $13.00 to $18.00 and gave the company a "market outperform" rating in a research note on Tuesday. Compass Point assumed coverage on shares of TeraWulf in a research note on Monday, September 15th. They issued a "buy" rating for the company. Rosenblatt Securities lifted their price objective on shares of TeraWulf from $14.50 to $20.00 and gave the company a "buy" rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of TeraWulf in a research note on Friday. Finally, Roth Capital boosted their price target on shares of TeraWulf from $7.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, TeraWulf currently has an average rating of "Moderate Buy" and an average price target of $13.35.

TeraWulf Stock Up 6.4%

TeraWulf stock opened at $13.71 on Friday. TeraWulf has a 1-year low of $2.06 and a 1-year high of $16.19. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of -39.17 and a beta of 3.44. 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 firm has a 50 day simple moving average of $11.21 and a 200 day simple moving average of $6.59.

TeraWulf (NASDAQ:WULF - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business had revenue of $47.64 million during the quarter, compared to analysts' expectations of $46.30 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The firm's quarterly revenue was up 33.9% on a year-over-year basis. On average, analysts predict 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 business'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 of the company's stock, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.90% of the stock is owned by corporate insiders.

Institutional Trading of TeraWulf

Hedge funds have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. raised its stake in shares of TeraWulf by 17,747.4% during the first quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company's stock valued at $9,745,000 after acquiring an additional 3,549,479 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 acquiring an additional 2,617,617 shares during the last quarter. Two Seas Capital LP raised its stake in shares of TeraWulf by 966.9% during the second quarter. Two Seas Capital LP now owns 2,287,100 shares of the company's stock valued at $10,017,000 after acquiring an additional 2,072,729 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $8,949,000. Finally, Goodlander Investment Management LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $8,760,000. 62.49% of the stock is 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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