TeraWulf (NASDAQ:WULF) Stock Gets Price Target Reduction from Wells Fargo & Company

TeraWulf (NASDAQ:WULF) had its target price trimmed by Wells Fargo & Company from $30.00 to $22.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. HC Wainwright reiterated a “buy” rating on shares of TeraWulf in a report on Friday, August 21st. TD Cowen began coverage on shares of TeraWulf in a report on Monday, October 12th. They set a “buy” rating and a $21.00 price objective on the stock. B. Riley Financial lowered their price objective on TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Keefe, Bruyette & Woods reduced their price target on TeraWulf from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald lowered their price target on TeraWulf from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.18.

TeraWulf Price Performance

NASDAQ WULF opened at $13.04 on Tuesday. TeraWulf has a 52 week low of $9.51 and a 52 week high of $29.84. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of -3.99 and a beta of 4.00. The company has a 50-day moving average price of $14.04 and a two-hundred day moving average price of $17.93. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 5.35.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. TeraWulf had a positive return on equity of 87.30% and a negative net margin of 410.92%. The firm had revenue of $76.23 million during the quarter, compared to analyst estimates of $62.49 million. During the same period last year, the company posted ($1.13) EPS. The firm’s quarterly revenue was up 50.7% on a year-over-year basis. Analysts forecast that TeraWulf will post -0.48 EPS for the current year.

Insider Activity

In related news, CEO Paul Prager sold 137,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the sale, the chief executive officer owned 3,807,552 shares in the company, valued at $64,956,837.12. This represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Bucella bought 6,085 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the transaction, the director owned 350,789 shares of the company’s stock, valued at $5,188,169.31. The trade was a 1.77% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC raised its holdings in TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock worth $36,000 after purchasing an additional 747 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of TeraWulf during the 2nd quarter worth $41,000. Jacobi Capital Management LLC bought a new stake in TeraWulf during the 3rd quarter worth approximately $37,000. Solstein Capital LLC purchased a new stake in TeraWulf during the 2nd quarter valued at approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in TeraWulf during the third quarter valued at $45,000. Institutional investors own 62.49% of the company’s stock.

Top TeraWulf Stories

Here are a few of the latest stories about WULF:

• Positive Sentiment: Shares benefited Wednesday from strength across AI-infrastructure stocks after CoreWeave reported earnings, giving WULF a sector-wide tailwind. TeraWulf Stock Rises With AI Infrastructure Stocks After CoreWeave Earnings
• Positive Sentiment: Recent results and project updates provide fundamental support: third-quarter revenue was $76.2 million, including about $63 million from high-performance computing leases. The company also highlighted its 20-year Anthropic lease, expected to generate about $19 billion in contracted revenue, Google credit support connected to project financing, and roughly $2.4 billion in cash and restricted cash at quarter-end. Why TeraWulf (WULF) Stock Is Up Today
• Negative Sentiment: A Motley Fool analysis argued that TeraWulf’s long-term colocation lease economics may be less attractive than shorter-term AI-compute deals offered by Nebius, raising questions about the revenue potential per megawatt. Neoclouds Like Nebius Are Much Better Investments Than Colocation Companies Like TeraWulf

About TeraWulf

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.