TeraWulf (NASDAQ:WULF) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of TeraWulf (NASDAQ:WULF) from a strong sell rating to a hold rating in a report released on Wednesday,Zacks reports.

A number of other analysts have also recently commented on WULF. Wells Fargo & Company dropped their price target on shares of TeraWulf from $30.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday. Cantor Fitzgerald reduced their price target on TeraWulf from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Citigroup decreased their price objective on TeraWulf from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group dropped their price objective on TeraWulf from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, HC Wainwright restated a “buy” rating on shares of TeraWulf in a research note on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.18.

TeraWulf Stock Performance

NASDAQ:WULF opened at $13.04 on Wednesday. The company has a debt-to-equity ratio of 5.35, a current ratio of 0.97 and a quick ratio of 0.75. The business has a fifty day simple moving average of $14.04 and a two-hundred day simple moving average of $17.93. TeraWulf has a 1 year low of $9.51 and a 1 year high of $29.84. The company has a market capitalization of $6.54 billion, a P/E ratio of -3.99 and a beta of 4.00.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings results on Friday, November 6th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.15. TeraWulf had a positive return on equity of 87.30% and a negative net margin of 410.92%. The firm had revenue of $76.23 million for the quarter, compared to analysts’ expectations of $62.49 million. During the same quarter in the prior year, the firm earned ($1.13) EPS. The business’s revenue for the quarter was up 50.7% compared to the same quarter last year. On average, analysts expect that TeraWulf will post -0.48 earnings per share for the current year.

Insider Buying and Selling

In other TeraWulf news, CEO Paul Prager sold 137,500 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $17.06, for a total value of $2,345,750.00. Following the transaction, the chief executive officer directly owned 3,807,552 shares in the company, valued at $64,956,837.12. This represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Bucella purchased 6,085 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the acquisition, the director directly owned 350,789 shares in the company, valued at approximately $5,188,169.31. The trade was a 1.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 15.90% of the stock is owned by company insiders.

Institutional Trading of TeraWulf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in TeraWulf by 234.6% during the 3rd quarter. First Trust Advisors LP now owns 2,260,355 shares of the company’s stock valued at $33,453,000 after purchasing an additional 1,584,798 shares during the period. Intesa Sanpaolo Wealth Management purchased a new stake in shares of TeraWulf in the 3rd quarter worth about $207,000. Cornerstone Select Advisors LLC lifted its position in shares of TeraWulf by 27.7% in the 3rd quarter. Cornerstone Select Advisors LLC now owns 17,013 shares of the company’s stock worth $252,000 after purchasing an additional 3,689 shares during the period. Private Advisor Group LLC lifted its position in shares of TeraWulf by 7.7% in the 3rd quarter. Private Advisor Group LLC now owns 19,754 shares of the company’s stock worth $292,000 after purchasing an additional 1,411 shares during the period. Finally, Ieq Capital LLC boosted its stake in shares of TeraWulf by 156.6% during the 3rd quarter. Ieq Capital LLC now owns 24,792 shares of the company’s stock valued at $367,000 after purchasing an additional 15,129 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Key TeraWulf News

Here’s some of the latest news about WULF:

• Positive Sentiment: Shares benefited Wednesday from strength across AI-infrastructure stocks after CoreWeave reported earnings, giving WULF a sector-wide tailwind. TeraWulf Stock Rises With AI Infrastructure Stocks After CoreWeave Earnings
• Positive Sentiment: Recent results and project updates provide fundamental support: third-quarter revenue was $76.2 million, including about $63 million from high-performance computing leases. The company also highlighted its 20-year Anthropic lease, expected to generate about $19 billion in contracted revenue, Google credit support connected to project financing, and roughly $2.4 billion in cash and restricted cash at quarter-end. Why TeraWulf (WULF) Stock Is Up Today
• Negative Sentiment: Wells Fargo, Morgan Stanley, Citigroup and Jefferies lowered their WULF price targets, adding to recent cuts from Rosenblatt and Needham. The reports signal more cautious analyst expectations, though the provided articles do not specify the revised targets. Wells Fargo cuts TeraWulf price target Morgan Stanley lowers expectations Citigroup lowers expectations Jefferies cuts TeraWulf price target

About TeraWulf

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.