TeraWulf (NASDAQ:WULF – Free Report) had its target price upped by Rosenblatt Securities from $4.20 to $5.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.
WULF has been the subject of several other reports. Cantor Fitzgerald upped their target price on TeraWulf from $9.00 to $10.00 and gave the company an overweight rating in a report on Friday, July 5th. Roth Capital upgraded TeraWulf to a strong-buy rating in a report on Tuesday, July 2nd. B. Riley increased their price target on TeraWulf from $5.00 to $6.00 and gave the stock a buy rating in a report on Friday, June 28th. Finally, Roth Mkm reiterated a buy rating and set a $6.50 price target on shares of TeraWulf in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Buy and an average target price of $5.67.
Check Out Our Latest Research Report on TeraWulf
TeraWulf Stock Up 11.6 %
TeraWulf (NASDAQ:WULF – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.07). The company had revenue of $42.43 million during the quarter, compared to analysts’ expectations of $41.86 million. TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. Research analysts anticipate that TeraWulf will post -0.07 EPS for the current fiscal year.
Insider Activity at TeraWulf
In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the completion of the transaction, the treasurer now directly owns 337,245 shares in the company, valued at approximately $1,096,046.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.88% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On TeraWulf
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. raised its position in TeraWulf by 36.2% in the 4th quarter. Vontobel Holding Ltd. now owns 115,332 shares of the company’s stock valued at $277,000 after purchasing an additional 30,679 shares in the last quarter. Sloy Dahl & Holst LLC acquired a new stake in TeraWulf in the 4th quarter valued at about $78,000. Van ECK Associates Corp raised its position in TeraWulf by 83.4% in the 4th quarter. Van ECK Associates Corp now owns 4,464,309 shares of the company’s stock valued at $10,714,000 after purchasing an additional 2,029,641 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in TeraWulf in the 4th quarter valued at about $27,000. Finally, Financial Advocates Investment Management acquired a new stake in TeraWulf in the 4th quarter valued at about $39,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than TeraWulf
- What is Insider Trading? What You Can Learn from Insider Trading
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
- Compound Interest and Why It Matters When Investing
- Walmart Stock: Buy the Rip or Wait for the Dip?
- What Investors Need to Know About Upcoming IPOs
- 3 Stocks to Buy for a Soft Landing, If There Is One
Receive News & Ratings for TeraWulf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeraWulf and related companies with MarketBeat.com's FREE daily email newsletter.