TeraWulf Inc. (NASDAQ:WULF) Receives Average Rating of “Buy” from Brokerages

TeraWulf Inc. (NASDAQ:WULF) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.86.

WULF has been the subject of a number of recent research reports. Jones Trading started coverage on shares of TeraWulf in a report on Monday, March 31st. They issued a “buy” rating and a $4.00 price objective for the company. Rosenblatt Securities dropped their price target on TeraWulf from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 12th.

TeraWulf Stock Performance

NASDAQ WULF opened at $3.89 on Friday. The business has a fifty day moving average price of $2.92 and a 200 day moving average price of $4.89. The company has a market cap of $1.50 billion, a P/E ratio of -11.79 and a beta of 3.00. TeraWulf has a one year low of $1.91 and a one year high of $9.30.

TeraWulf (NASDAQ:WULF) last released its earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $34.41 million for the quarter, compared to analysts’ expectations of $45.72 million. TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The firm’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, sell-side analysts predict that TeraWulf will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TeraWulf

Several institutional investors and hedge funds have recently bought and sold shares of WULF. Charles Schwab Investment Management Inc. raised its position in shares of 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 period. Soros Fund Management LLC purchased a new stake in TeraWulf in the fourth quarter valued at $8,632,000. Wellington Management Group LLP raised its position in TeraWulf by 1,760.0% in the fourth quarter. Wellington Management Group LLP now owns 1,178,593 shares of the company’s stock valued at $6,671,000 after purchasing an additional 1,115,228 shares during the period. GoalVest Advisory LLC acquired a new position in shares of TeraWulf in the 4th quarter valued at $651,000. Finally, Barclays PLC grew its holdings in shares of TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after purchasing an additional 343,016 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.