TeraWulf (NASDAQ:WULF) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• TeraWulf has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• JMP Securities raised their price target on TeraWulf from $7.00 to $13.00, while Rosenblatt Securities lifted theirs from $14.50 to $20.00, reflecting a generally positive outlook among analysts.
• TeraWulf's stock has shown significant volatility, with a fifty-two week low of $2.06 and a high of $16.19, highlighting its potential for rapid growth or decline.

TeraWulf (NASDAQ:WULF - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

WULF has been the subject of a number of other research reports. JMP Securities lifted their price target on TeraWulf from $7.00 to $13.00 and gave the stock a "market outperform" rating in a report on Friday, August 15th. Roth Capital lifted their price target on TeraWulf from $7.00 to $12.50 and gave the stock a "buy" rating in a report on Friday, August 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of TeraWulf in a report on Wednesday, October 8th. Compass Point started coverage on TeraWulf in a report on Monday, September 15th. They set a "buy" rating for the company. Finally, Rosenblatt Securities lifted their price target on TeraWulf from $14.50 to $20.00 and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, TeraWulf has an average rating of "Moderate Buy" and a consensus target price of $12.25.

TeraWulf Price Performance

Shares of NASDAQ WULF opened at $13.93 on Friday. TeraWulf has a fifty-two week low of $2.06 and a fifty-two week high of $16.19. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -39.80 and a beta of 3.44. The business has a 50-day moving average of $10.57 and a 200-day moving average of $6.20.

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

Insider Activity

In other news, Director Amanda Fabiano sold 4,600 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 40,769 shares in the company, valued at $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its holdings in shares of TeraWulf by 12.4% during the third quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company's stock worth $129,000 after acquiring an additional 1,250 shares during the period. Sei Investments Co. boosted its holdings in shares of TeraWulf by 5.2% during the second quarter. Sei Investments Co. now owns 37,529 shares of the company's stock worth $164,000 after acquiring an additional 1,869 shares during the period. Envestnet Asset Management Inc. raised its position in shares of TeraWulf by 5.8% in the second quarter. Envestnet Asset Management Inc. now owns 41,375 shares of the company's stock valued at $181,000 after buying an additional 2,258 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of TeraWulf by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company's stock valued at $30,000 after buying an additional 2,748 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of TeraWulf by 5.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 59,677 shares of the company's stock valued at $261,000 after buying an additional 2,905 shares in the last quarter. Institutional investors own 62.49% of the company's stock.

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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