B. Riley Estimates TeraWulf’s FY2024 Earnings (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) – B. Riley reduced their FY2024 earnings estimates for shares of TeraWulf in a research note issued on Wednesday, February 12th. B. Riley analyst N. Giles now anticipates that the company will earn ($0.16) per share for the year, down from their prior forecast of ($0.14). B. Riley currently has a “Buy” rating and a $10.00 target price on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.16) per share. B. Riley also issued estimates for TeraWulf’s Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.09) EPS.

A number of other research analysts also recently commented on WULF. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 target price on shares of TeraWulf in a report on Monday, January 13th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. Finally, Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Up 0.8 %

NASDAQ WULF opened at $4.89 on Friday. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30. The company has a 50-day moving average of $5.99 and a 200-day moving average of $5.53.

Hedge Funds Weigh In On TeraWulf

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after buying an additional 1,704,013 shares during the last quarter. State Street Corp boosted its stake in shares of TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after buying an additional 227,186 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of TeraWulf during the 3rd quarter valued at approximately $340,000. GoalVest Advisory LLC purchased a new position in shares of TeraWulf during the 4th quarter valued at approximately $651,000. Finally, Barclays PLC boosted its stake in shares of TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after buying an additional 343,016 shares during the last quarter. 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.