TeraWulf (NASDAQ:WULF) Given New $22.00 Price Target at Citizens Jmp

by · The Markets Daily

TeraWulf (NASDAQ:WULF – Free Report) had its price target raised by Citizens Jmp from $18.00 to $22.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other analysts also recently weighed in on the company. JMP Securities set a $22.00 target price on TeraWulf in a research report on Wednesday. B. Riley reiterated a “buy” rating on shares of TeraWulf in a report on Wednesday, October 22nd. Rosenblatt Securities upped their target price on shares of TeraWulf from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeraWulf in a research report on Wednesday, October 8th. Finally, Northland Securities set a $23.25 price target on TeraWulf in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TeraWulf has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Get Our Latest Stock Report on TeraWulf

TeraWulf Stock Down 9.0%

Shares of NASDAQ WULF opened at $14.50 on Wednesday. TeraWulf has a 1 year low of $2.06 and a 1 year high of $17.05. The firm has a 50-day simple moving average of $11.55 and a two-hundred day simple moving average of $6.88. The company has a market cap of $5.92 billion, a P/E ratio of -41.43 and a beta of 3.44. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.66 and a quick ratio of 0.66.

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

Insider Buying and Selling at TeraWulf

In other news, Director Amanda Fabiano sold 4,600 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $8.64, for a total transaction of $39,744.00. Following the transaction, the director directly owned 40,769 shares in the company, valued at approximately $352,244.16. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.90% of the company’s stock.

Institutional Trading of TeraWulf

A number of hedge funds have recently bought and sold shares of WULF. Hodges Capital Management Inc. raised its position in shares of TeraWulf by 17,747.4% in the 1st quarter. Hodges Capital Management Inc. now owns 3,569,479 shares of the company’s stock worth $9,745,000 after acquiring an additional 3,549,479 shares in the last quarter. Bank of America Corp DE boosted its position in TeraWulf by 22.2% during the second quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after purchasing an additional 2,617,617 shares in the last quarter. Two Seas Capital LP grew its stake in TeraWulf by 966.9% in the second quarter. Two Seas Capital LP now owns 2,287,100 shares of the company’s stock valued at $10,017,000 after purchasing an additional 2,072,729 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new position in TeraWulf in the second quarter valued at about $8,949,000. Finally, Goodlander Investment Management LLC bought a new position in TeraWulf in the second quarter worth about $8,760,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

About TeraWulf

(Get Free Report)

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.

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