TeraWulf (NASDAQ:WULF) Stock Rating Upgraded by Roth Capital

TeraWulf (NASDAQ:WULF) was upgraded by equities research analysts at Roth Capital to a “strong-buy” rating in a report released on Tuesday, Zacks.com reports.

A number of other equities analysts have also commented on WULF. Rosenblatt Securities started coverage on shares of TeraWulf in a report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target on the stock. Cantor Fitzgerald lifted their target price on shares of TeraWulf from $7.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. Roth Mkm started coverage on shares of TeraWulf in a research note on Tuesday. They set a “buy” rating and a $6.50 target price for the company. Compass Point lowered their target price on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, B. Riley lifted their target price on shares of TeraWulf from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $5.21.

TeraWulf Trading Down 3.1 %

Shares of NASDAQ:WULF opened at $5.05 on Tuesday. The firm’s fifty day moving average is $2.97 and its 200-day moving average is $2.39. TeraWulf has a 52 week low of $0.89 and a 52 week high of $5.34.

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

Insider Transactions at TeraWulf

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $3.25, for a total transaction of $227,487.00. Following the completion of the sale, the treasurer now directly owns 337,245 shares of the company’s stock, valued at $1,096,046.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 24.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC bought a new position in shares of TeraWulf during the 4th quarter worth approximately $27,000. Partners Capital Investment Group LLP purchased a new position in shares of TeraWulf in the 4th quarter worth approximately $29,000. Miracle Mile Advisors LLC purchased a new position in shares of TeraWulf in the 1st quarter worth approximately $29,000. Global Retirement Partners LLC purchased a new position in shares of TeraWulf in the 4th quarter worth approximately $30,000. Finally, Regatta Capital Group LLC purchased a new position in shares of TeraWulf in the 4th quarter worth approximately $31,000. 62.49% of the stock is owned by institutional investors.

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.