Analysts Set TeraWulf Inc. (NASDAQ:WULF) Target Price at $11.50

TeraWulf Inc. (NASDAQ:WULF) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.8056.

Several brokerages have recently issued reports on WULF. Wall Street Zen raised shares of TeraWulf from a “sell” rating to a “hold” rating in a research note on Saturday. Cantor Fitzgerald raised their target price on shares of TeraWulf from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Compass Point began coverage on shares of TeraWulf in a research note on Monday, September 15th. They issued a “buy” rating on the stock. JMP Securities raised their target price on shares of TeraWulf from $13.00 to $18.00 and gave the company a “market outperform” rating in a research note on Tuesday. Finally, Northland Securities set a $16.25 target price on shares of TeraWulf in a research note on Friday.

TeraWulf Stock Down 5.1%

Shares of NASDAQ:WULF opened at $13.14 on Wednesday. TeraWulf has a 12 month low of $2.06 and a 12 month high of $16.19. The company’s 50-day moving average price is $10.89 and its two-hundred day moving average price is $6.37. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.96. The firm has a market cap of $5.36 billion, a P/E ratio of -37.54 and a beta of 3.44.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $47.64 million for the quarter, compared to the consensus estimate of $46.30 million. TeraWulf had a negative return on equity of 54.98% and a negative net margin of 91.42%.The firm’s revenue was up 33.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. As a group, research analysts forecast that TeraWulf will post -0.17 EPS for the current fiscal year.

Insider Transactions at TeraWulf

In related news, Director Amanda Fabiano sold 4,600 shares of the business’s stock in a transaction that occurred 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 owned 40,769 shares in the company, valued at approximately $352,244.16. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Financial Consulate Inc. acquired a new position in TeraWulf during the third quarter valued at approximately $57,000. Sax Wealth Advisors LLC grew its holdings in TeraWulf by 44.9% during the third quarter. Sax Wealth Advisors LLC now owns 16,140 shares of the company’s stock valued at $184,000 after purchasing an additional 4,999 shares during the period. Lionsbridge Wealth Management LLC grew its holdings in TeraWulf by 25.3% during the third quarter. Lionsbridge Wealth Management LLC now owns 159,208 shares of the company’s stock valued at $1,818,000 after purchasing an additional 32,170 shares during the period. Perigon Wealth Management LLC grew its holdings in TeraWulf by 12.4% during the third quarter. Perigon Wealth Management LLC now owns 11,308 shares of the company’s stock valued at $129,000 after purchasing an additional 1,250 shares during the period. Finally, Tactive Advisors LLC acquired a new position in TeraWulf during the third quarter valued at approximately $380,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.