TeraWulf (NASDAQ:WULF) Stock Gets Price Target Reduction from Morgan Stanley

TeraWulf (NASDAQ:WULF) had its price target decreased by Morgan Stanley from $65.00 to $47.00 in a report issued on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on WULF. UBS Group initiated coverage on TeraWulf in a research note on Wednesday, September 23rd. They set a “buy” rating and a $24.00 price target on the stock. Wells Fargo & Company cut their price target on TeraWulf from $30.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday. Rothschild & Co Redburn began coverage on shares of TeraWulf in a research report on Monday, September 21st. They set a “neutral” rating and a $15.00 price target for the company. TD Cowen initiated coverage on shares of TeraWulf in a research report on Monday, October 12th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Sanford C. Bernstein decreased their price objective on TeraWulf from $36.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, TeraWulf has an average rating of “Moderate Buy” and a consensus target price of $27.18.

TeraWulf Trading Down 2.4%

NASDAQ WULF opened at $13.04 on Tuesday. The business’s fifty day moving average is $14.04 and its 200 day moving average is $17.93. TeraWulf has a twelve month low of $9.51 and a twelve month high of $29.84. The company has a market cap of $6.54 billion, a price-to-earnings ratio of -3.99 and a beta of 4.00. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 5.35.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Friday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $62.49 million. During the same period in the previous year, the business earned ($1.13) EPS. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. As a group, sell-side analysts expect that TeraWulf will post -0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Walter Carter sold 130,626 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the completion of the sale, the director directly owned 229,090 shares in the company, valued at approximately $3,468,422.60. The trade was a 36.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Bucella bought 6,085 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director owned 350,789 shares in the company, valued at $5,188,169.31. This trade represents a 1.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WULF. BlackRock Inc. acquired a new position in shares of TeraWulf in the second quarter valued at about $577,805,000. Bank of America Corp DE grew its holdings in TeraWulf by 9.2% in the 1st quarter. Bank of America Corp DE now owns 5,777,458 shares of the company’s stock valued at $83,369,000 after buying an additional 488,184 shares in the last quarter. Jennison Associates LLC purchased a new stake in TeraWulf in the 1st quarter valued at about $53,418,000. Engle Capital Management L.P. grew its holdings in shares of TeraWulf by 574.3% in the first quarter. Engle Capital Management L.P. now owns 2,950,100 shares of the company’s stock valued at $42,570,000 after purchasing an additional 2,512,600 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in TeraWulf by 325.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,845,156 shares of the company’s stock valued at $42,108,000 after acquiring an additional 2,177,134 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

Key Headlines Impacting TeraWulf

These are some of the WULF headlines that stood out recently:

• 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.