TeraWulf (NASDAQ:WULF) Given New $6.00 Price Target at Rosenblatt Securities

TeraWulf (NASDAQ:WULF) had its target price increased by Rosenblatt Securities from $4.50 to $6.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Jones Trading initiated coverage on TeraWulf in a report on Monday, March 31st. They set a “buy” rating and a $4.00 price target on the stock. Citizens Jmp raised shares of TeraWulf to a “strong-buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, May 22nd. Finally, JMP Securities started coverage on TeraWulf in a report on Thursday, May 22nd. They set a “market outperform” rating and a $7.00 target price on the stock. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $7.89.

TeraWulf Price Performance

WULF stock opened at $4.02 on Thursday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -12.18 and a beta of 3.09. The company has a 50 day simple moving average of $3.34 and a 200 day simple moving average of $4.44. TeraWulf has a 1 year low of $2.06 and a 1 year high of $9.30.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). TeraWulf had a negative return on equity of 15.91% and a negative net margin of 41.88%. The company had revenue of $34.41 million for the quarter, compared to analyst estimates of $45.72 million. The company’s revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. acquired a new position in TeraWulf during the 1st quarter valued at about $29,000. Calamos Advisors LLC purchased a new stake in TeraWulf in the 1st quarter valued at $33,000. Arete Wealth Advisors LLC bought a new position in TeraWulf during the 1st quarter valued at $33,000. Comerica Bank raised its holdings in shares of TeraWulf by 3,748.5% in the first quarter. Comerica Bank now owns 12,700 shares of the company’s stock valued at $35,000 after purchasing an additional 12,370 shares during the last quarter. Finally, Platform Technology Partners purchased a new position in TeraWulf during the first quarter worth about $39,000. 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.