TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Moderate Buy” by Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned an average recommendation of “Moderate Buy” from the twenty-one research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.2083.

A number of equities analysts have weighed in on WULF shares. Lucid Cap Mkts upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Wednesday, May 27th. Oppenheimer reiterated an “outperform” rating and issued a $35.00 target price on shares of TeraWulf in a research report on Wednesday, May 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $37.00 target price on shares of TeraWulf in a research note on Wednesday, July 15th. Morgan Stanley reduced their price target on shares of TeraWulf from $72.00 to $62.50 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Finally, Zacks Research raised shares of TeraWulf from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th.

TeraWulf Stock Performance

NASDAQ WULF opened at $16.51 on Friday. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of -3.78 and a beta of 3.70. The stock has a 50-day moving average of $18.34 and a 200 day moving average of $19.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25. TeraWulf has a twelve month low of $8.70 and a twelve month high of $29.84.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.24) by ($1.70). The business had revenue of $44.77 million during the quarter, compared to analyst estimates of $46.00 million. TeraWulf had a negative net margin of 1,179.94% and a negative return on equity of 458.62%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. Sell-side analysts anticipate that TeraWulf will post -0.95 EPS for the current fiscal year.

Insider Buying and Selling at TeraWulf

In other news, CEO Paul B. Prager sold 137,500 shares of TeraWulf stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.06, for a total value of $2,345,750.00. Following the sale, the chief executive officer directly owned 3,807,552 shares of the company’s stock, valued at $64,956,837.12. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Bucella purchased 3,023 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $16.54 per share, with a total value of $50,000.42. Following the completion of the transaction, the director directly owned 341,844 shares of the company’s stock, valued at $5,654,099.76. This represents a 0.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 405,626 shares of company stock valued at $7,980,928 over the last quarter. 15.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TeraWulf

Several institutional investors and hedge funds have recently added to or reduced their stakes in WULF. Corient Private Wealth LP grew its holdings in shares of TeraWulf by 107.5% during the second quarter. Corient Private Wealth LP now owns 24,433 shares of the company’s stock worth $603,000 after buying an additional 12,657 shares in the last quarter. Amundi lifted its stake in shares of TeraWulf by 213.3% in the second quarter. Amundi now owns 32,135 shares of the company’s stock worth $794,000 after buying an additional 21,879 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in TeraWulf during the second quarter worth about $1,336,000. California State Teachers Retirement System boosted its position in TeraWulf by 2,931.3% during the second quarter. California State Teachers Retirement System now owns 10,861,356 shares of the company’s stock worth $268,275,000 after acquiring an additional 10,503,051 shares during the last quarter. Finally, Readystate Asset Management LP raised its holdings in TeraWulf by 6.1% in the 2nd quarter. Readystate Asset Management LP now owns 327,272 shares of the company’s stock valued at $8,084,000 after acquiring an additional 18,808 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.