TeraWulf (NASDAQ:WULF) Research Coverage Started at Oppenheimer

Oppenheimer started coverage on shares of TeraWulf (NASDAQ:WULF) in a research report released on Tuesday, MarketBeat reports. The firm issued an outperform rating and a $20.00 target price on the stock.

A number of other analysts also recently weighed in on WULF. Citigroup reissued a “market outperform” rating on shares of TeraWulf in a research report on Tuesday, October 21st. Roth Capital raised their price objective on shares of TeraWulf from $7.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeraWulf in a research report on Wednesday, October 8th. Compass Point initiated coverage on shares of TeraWulf in a research report on Monday, September 15th. They set a “buy” rating on the stock. Finally, B. Riley reiterated a “buy” rating on shares of TeraWulf in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TeraWulf has an average rating of “Moderate Buy” and a consensus price target of $17.67.

TeraWulf Stock Up 2.2%

Shares of NASDAQ WULF opened at $14.82 on Tuesday. TeraWulf has a 1 year low of $2.06 and a 1 year high of $17.05. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of -42.34 and a beta of 3.44. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day simple moving average is $11.66 and its 200-day simple moving average is $6.93.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). TeraWulf had a negative net margin of 91.42% and a negative return on equity of 54.98%. The business had revenue of $47.64 million during the quarter, compared to analysts’ expectations of $46.30 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. As a group, equities analysts anticipate that TeraWulf will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TeraWulf news, Director Amanda Fabiano sold 4,600 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $8.64, for a total value of $39,744.00. Following the transaction, the director owned 40,769 shares of the company’s stock, valued at $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 19.90% of the stock is currently owned by company insiders.

Institutional Trading of TeraWulf

Institutional investors and hedge funds have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. acquired a new position in TeraWulf during the 1st quarter valued at approximately $29,000. Nisa Investment Advisors LLC lifted its stake in TeraWulf by 135.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,575 shares of the company’s stock valued at $29,000 after buying an additional 3,784 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of TeraWulf by 265.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after acquiring an additional 4,800 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of TeraWulf by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock valued at $30,000 after acquiring an additional 2,748 shares during the period. Finally, Calamos Advisors LLC bought a new position in shares of TeraWulf during the first quarter worth about $33,000. 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.