TeraWulf (NASDAQ:WULF) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research note published on Monday morning,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other equities analysts have also weighed in on WULF. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Northland Securities reissued an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Price Performance

NASDAQ WULF opened at $3.67 on Monday. TeraWulf has a 1 year low of $1.57 and a 1 year high of $9.30. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -18.35 and a beta of 2.59. The company has a fifty day moving average price of $5.22 and a 200-day moving average price of $5.59.

TeraWulf (NASDAQ:WULF) last posted its earnings results on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm had revenue of $35.00 million during the quarter, compared to the consensus estimate of $37.43 million. The company’s revenue for the quarter was up 50.2% on a year-over-year basis. On average, research analysts anticipate that TeraWulf will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds have recently bought and sold shares of WULF. Creative Planning bought a new stake in shares of TeraWulf during the 3rd quarter valued at about $54,000. Chicago Partners Investment Group LLC bought a new stake in shares of TeraWulf during the 3rd quarter valued at about $67,000. Hollencrest Capital Management grew its stake in shares of TeraWulf by 30.2% during the 3rd quarter. Hollencrest Capital Management now owns 77,593 shares of the company’s stock valued at $363,000 after purchasing an additional 18,000 shares during the period. TRU Independence Asset Management 2 LLC bought a new stake in shares of TeraWulf during the 3rd quarter valued at about $234,000. Finally, Victory Capital Management Inc. grew its stake in shares of TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after purchasing an additional 4,093 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.