TeraWulf Inc. (NASDAQ:WULF) Receives $9.50 Average Target Price from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have been given an average recommendation of "Buy" by the ten research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.71.

WULF has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $9.50 target price on shares of TeraWulf in a research note on Monday, January 13th. Northland Securities reissued an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They set a "market perform" rating on the stock. Finally, B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, December 19th.

Hedge Funds Weigh In On TeraWulf

Hedge funds have recently made changes to their positions in the business. Senator Investment Group LP acquired a new stake in shares of TeraWulf during the 4th quarter valued at $24,371,000. Science & Technology Partners L.P. purchased a new stake in shares of TeraWulf during the fourth quarter valued at $18,606,000. BIT Capital GmbH boosted its position in shares of TeraWulf by 169.4% in the 4th quarter. BIT Capital GmbH now owns 3,975,768 shares of the company's stock valued at $22,503,000 after purchasing an additional 2,499,865 shares during the period. Van ECK Associates Corp increased its stake in TeraWulf by 74.2% in the 4th quarter. Van ECK Associates Corp now owns 4,763,831 shares of the company's stock worth $26,964,000 after purchasing an additional 2,028,383 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in TeraWulf during the 4th quarter worth about $10,970,000. Institutional investors and hedge funds own 62.49% of the company's stock.

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TeraWulf Trading Up 2.6 %

WULF traded up $0.08 during trading on Friday, reaching $2.96. 12,803,425 shares of the company were exchanged, compared to its average volume of 26,760,523. The stock has a market cap of $1.13 billion, a P/E ratio of -14.82 and a beta of 2.70. TeraWulf has a 52 week low of $1.82 and a 52 week high of $9.30. The firm has a 50 day moving average of $4.09 and a 200 day moving average of $5.42.

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

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.