TeraWulf (NASDAQ:WULF) Price Target Raised to $9.00 at Cantor Fitzgerald

TeraWulf (NASDAQ:WULF) had its target price raised by Cantor Fitzgerald from $7.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other research analysts have also recently commented on WULF. B. Riley cut their price target on TeraWulf from $4.00 to $3.00 and set a buy rating on the stock in a research note on Friday, April 5th. Compass Point lowered their price objective on TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a report on Thursday, March 21st. Finally, Rosenblatt Securities assumed coverage on TeraWulf in a report on Tuesday, April 9th. They issued a buy rating and a $4.20 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $4.49.

TeraWulf Stock Performance

Shares of WULF opened at $4.59 on Wednesday. The stock’s 50-day moving average is $2.79 and its two-hundred day moving average is $2.29. TeraWulf has a 12 month low of $0.89 and a 12 month high of $5.19.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The business had revenue of $42.43 million during the quarter, compared to analyst estimates of $41.86 million. As a group, equities analysts forecast that TeraWulf will post -0.09 EPS for the current year.

Insiders Place Their Bets

In other TeraWulf news, Treasurer Kenneth J. Deane sold 69,996 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $3.25, for a total value of $227,487.00. Following the sale, the treasurer now directly owns 337,245 shares of the company’s stock, valued at $1,096,046.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 24.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WULF. Apollon Wealth Management LLC acquired a new position in shares of TeraWulf in the 4th quarter valued at $27,000. Partners Capital Investment Group LLP acquired a new stake in TeraWulf during the 4th quarter worth about $29,000. Miracle Mile Advisors LLC acquired a new stake in TeraWulf during the 1st quarter worth about $29,000. Global Retirement Partners LLC acquired a new stake in TeraWulf during the 4th quarter worth about $30,000. Finally, Regatta Capital Group LLC acquired a new stake in TeraWulf during the 4th quarter worth about $31,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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.