Rosenblatt Securities Cuts TeraWulf (NASDAQ:WULF) Price Target to $4.00

TeraWulf (NASDAQ:WULF) had its price target cut by Rosenblatt Securities from $10.00 to $4.00 in a research note published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price objective 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 report on Sunday, January 5th. Jones Trading initiated coverage on shares of TeraWulf in a research report on Monday, March 31st. They issued a “buy” rating and a $4.00 price objective on the stock. B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, TeraWulf currently has an average rating of “Buy” and a consensus target price of $7.86.

TeraWulf Stock Up 6.2 %

WULF stock opened at $2.38 on Wednesday. The stock has a 50-day simple moving average of $3.55 and a two-hundred day simple moving average of $5.27. TeraWulf has a twelve month low of $1.82 and a twelve month high of $9.30. The firm has a market capitalization of $911.59 million, a PE ratio of -11.90 and a beta of 2.76.

TeraWulf (NASDAQ:WULF) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $37.43 million. The firm’s quarterly revenue was up 50.2% compared to the same quarter last year. On average, equities research analysts anticipate that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rosenberg Matthew Hamilton purchased a new position in shares of TeraWulf during the fourth quarter valued at approximately $32,000. FMR LLC raised its stake 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 buying an additional 1,408 shares during the last quarter. CoreCap Advisors LLC raised its stake in TeraWulf by 67.9% during the fourth 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 during the last quarter. Stifel Financial Corp bought a new stake in TeraWulf in the third quarter worth $47,000. Finally, Edge Wealth Management LLC purchased a new stake in shares of TeraWulf in the first quarter worth $55,000. Hedge funds and other 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.