TeraWulf (NASDAQ:WULF) Coverage Initiated at Jones Trading

Equities research analysts at Jones Trading began coverage on shares of TeraWulf (NASDAQ:WULF) in a report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $4.00 price target on the stock. Jones Trading’s price objective indicates a potential upside of 38.89% from the stock’s current price.

WULF has been the topic of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Monday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a report on Monday, January 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.71.

TeraWulf Trading Up 5.5 %

Shares of NASDAQ:WULF opened at $2.88 on Monday. TeraWulf has a 1-year low of $1.82 and a 1-year high of $9.30. The stock has a market capitalization of $1.10 billion, a P/E ratio of -14.40 and a beta of 2.70. The business has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $5.42.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). TeraWulf had a negative net margin of 41.88% and a negative return on equity of 15.91%. The firm had revenue of $35.00 million for the quarter, compared to analyst estimates of $37.43 million. The business’s quarterly revenue was up 50.2% compared to the same quarter last year. As a group, equities analysts predict that TeraWulf will post -0.17 EPS for the current year.

Institutional Investors Weigh In On TeraWulf

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rosenberg Matthew Hamilton bought a new stake in TeraWulf during the 4th quarter worth approximately $32,000. FMR LLC grew its holdings in TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the period. CoreCap Advisors LLC lifted its stake in shares of TeraWulf by 67.9% during the 4th quarter. CoreCap Advisors LLC now owns 7,554 shares of the company’s stock valued at $43,000 after buying an additional 3,054 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of TeraWulf in the third quarter valued at $47,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of TeraWulf during the third quarter valued at about $47,000. Institutional investors own 62.49% of the company’s stock.

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.