Equities Analysts Set Expectations for TeraWulf Q4 Earnings

TeraWulf Inc. (NASDAQ:WULF) – Investment analysts at Atb Cap Markets issued their Q4 2024 earnings estimates for TeraWulf in a research note issued on Tuesday, February 4th. Atb Cap Markets analyst M. Toner anticipates that the company will post earnings of ($0.03) per share for the quarter. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.16) per share.

WULF has been the subject of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Finally, B. Riley lifted their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Trading Down 2.3 %

Shares of TeraWulf stock opened at $5.03 on Friday. TeraWulf has a 1 year low of $1.57 and a 1 year high of $9.30. The company has a 50 day simple moving average of $6.21 and a two-hundred day simple moving average of $5.53.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds have recently made changes to their positions in WULF. Geode Capital Management LLC raised its holdings in TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after buying an additional 820,354 shares during the last quarter. State Street Corp raised its holdings in TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after buying an additional 227,186 shares during the last quarter. Van ECK Associates Corp raised its holdings in TeraWulf by 74.2% during the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company’s stock valued at $26,964,000 after buying an additional 2,028,383 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in TeraWulf by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock valued at $13,980,000 after buying an additional 105,997 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its holdings in TeraWulf by 8.8% during the 4th quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company’s stock valued at $12,487,000 after buying an additional 178,620 shares during the last quarter. 62.49% of the stock is currently 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.