TeraWulf (NASDAQ:WULF) Stock Rating Reaffirmed by B. Riley

TeraWulf (NASDAQ:WULF)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a report released on Monday, Benzinga reports. They currently have a $6.00 price objective on the stock. B. Riley’s price target indicates a potential upside of 42.86% from the stock’s current price. B. Riley also issued estimates for TeraWulf’s FY2026 earnings at $0.21 EPS.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Thursday. Needham & Company LLC initiated coverage on shares of TeraWulf in a research report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 target price for the company. Roth Capital upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Tuesday, July 2nd. Rosenblatt Securities increased their price objective on shares of TeraWulf from $4.20 to $5.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Roth Mkm reissued a “buy” rating and set a $6.50 target price on shares of TeraWulf in a report on Monday, July 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TeraWulf currently has an average rating of “Buy” and an average price target of $5.71.

TeraWulf Trading Down 4.5 %

Shares of WULF traded down $0.20 during mid-day trading on Monday, reaching $4.20. 11,535,979 shares of the stock traded hands, compared to its average volume of 19,934,559. The stock has a fifty day simple moving average of $4.24 and a 200 day simple moving average of $3.61. TeraWulf has a 12-month low of $0.89 and a 12-month high of $6.51.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $35.57 million for the quarter, compared to the consensus estimate of $35.73 million. TeraWulf had a negative return on equity of 19.77% and a negative net margin of 41.67%. Analysts expect that TeraWulf will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On TeraWulf

A number of institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TeraWulf in the second quarter worth about $353,000. Algert Global LLC purchased a new stake in shares of TeraWulf in the 2nd quarter valued at approximately $102,000. Driehaus Capital Management LLC acquired a new position in TeraWulf in the 2nd quarter worth approximately $9,948,000. Scientech Research LLC purchased a new position in TeraWulf during the 2nd quarter worth approximately $1,040,000. Finally, The Manufacturers Life Insurance Company raised its stake in TeraWulf by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,319 shares of the company’s stock valued at $389,000 after purchasing an additional 33,058 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.