Rosenblatt Securities Reaffirms Buy Rating for TeraWulf (NASDAQ:WULF)

Rosenblatt Securities reissued their buy rating on shares of TeraWulf (NASDAQ:WULF - Free Report) in a report published on Monday morning,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

A number of other research analysts have also recently commented on WULF. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research note on Sunday, January 5th. Northland Securities restated an "outperform" rating and set a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods began coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Finally, B. Riley lifted their price objective on TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a 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, TeraWulf has a consensus rating of "Buy" and an average price target of $8.64.

TeraWulf Price Performance

Shares of WULF traded down $0.52 on Monday, reaching $3.67. 54,802,818 shares of the stock traded hands, compared to its average volume of 47,267,223. The stock's 50-day moving average price is $5.22 and its 200-day moving average price is $5.59. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -18.35 and a beta of 2.59. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30.

TeraWulf (NASDAQ:WULF - Get Free Report) last announced its quarterly 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). The business had revenue of $35.00 million during the quarter, compared to the consensus estimate 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 was up 50.2% on a year-over-year basis. As a group, equities research analysts forecast that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton bought a new position in shares of TeraWulf in the fourth quarter worth about $32,000. FMR LLC raised its position in TeraWulf by 22.0% in 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. KBC Group NV acquired a new position in TeraWulf during the 3rd quarter worth $39,000. CoreCap Advisors LLC lifted its holdings in TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company's stock worth $43,000 after buying an additional 3,054 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new position in TeraWulf in the 3rd quarter valued at $47,000. Institutional investors and hedge funds 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.