TeraWulf (NASDAQ:WULF) Coverage Initiated at Jones Trading

Equities research analysts at Jones Trading assumed coverage on shares of TeraWulf (NASDAQ:WULF - Get Free Report) in a research note issued on Monday, MarketBeat reports. The firm set a "buy" rating and a $4.00 price target on the stock. Jones Trading's price target suggests a potential upside of 50.94% from the company's current price.

Several other equities research analysts also recently weighed in on WULF. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a "market perform" rating on the stock. B. Riley boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Northland Securities reissued an "outperform" rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf has a consensus rating of "Buy" and an average price target of $8.71.

TeraWulf Trading Down 11.1 %

WULF traded down $0.33 during mid-day trading on Monday, hitting $2.65. 20,929,547 shares of the stock were exchanged, compared to its average volume of 26,872,078. The company has a market cap of $1.02 billion, a PE ratio of -13.25 and a beta of 2.70. The firm's fifty day moving average is $4.03 and its two-hundred day moving average is $5.40. TeraWulf has a 1-year low of $1.82 and a 1-year high of $9.30.

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TeraWulf (NASDAQ:WULF - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $35.00 million during the quarter, compared to analysts' expectations of $37.43 million. TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. TeraWulf's revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, research analysts anticipate that TeraWulf will post -0.17 earnings per share for the current year.

Institutional Trading of TeraWulf

Institutional investors and hedge funds have recently made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new position in TeraWulf during the fourth quarter worth approximately $32,000. CoreCap Advisors LLC increased its holdings in shares of TeraWulf by 67.9% in the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock valued at $43,000 after acquiring an additional 3,054 shares during the period. FMR LLC grew its position in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after purchasing an additional 1,408 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in TeraWulf during the 3rd quarter worth $47,000. Finally, Stifel Financial Corp acquired a new position in TeraWulf in the third quarter valued at $47,000. 62.49% of the stock is owned by hedge funds and other 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.