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

TeraWulf (NASDAQ:WULF) had its price target lowered by Rosenblatt Securities from $10.00 to $4.00 in a report published on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently commented on WULF. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. Jones Trading began coverage on shares of TeraWulf in a research note on Monday, March 31st. They issued a “buy” rating and a $4.00 price objective for the company. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Finally, B. Riley increased their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $7.86.

TeraWulf Stock Down 14.1 %

Shares of WULF stock traded down $0.37 on Wednesday, reaching $2.22. 16,274,293 shares of the stock were exchanged, compared to its average volume of 27,355,234. The stock has a market cap of $848.39 million, a P/E ratio of -11.08 and a beta of 2.76. TeraWulf has a 1-year low of $1.82 and a 1-year high of $9.30. The firm has a 50 day moving average of $3.66 and a two-hundred day moving average of $5.31.

TeraWulf (NASDAQ:WULF) last announced its earnings results 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 business had revenue of $35.00 million during the quarter, compared to analyst estimates of $37.43 million. The firm’s revenue for the quarter was up 50.2% on a year-over-year basis. On average, equities research analysts predict that TeraWulf will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TeraWulf

A number of large investors have recently bought and sold shares of the company. Rosenberg Matthew Hamilton acquired a new position in shares of TeraWulf during the fourth quarter worth $32,000. FMR LLC lifted its holdings in TeraWulf by 22.0% in 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 period. CoreCap Advisors LLC grew its stake in TeraWulf by 67.9% during the fourth quarter. CoreCap Advisors LLC now owns 7,554 shares of the company’s stock worth $43,000 after purchasing an additional 3,054 shares during the period. Stifel Financial Corp acquired a new position in shares of TeraWulf during the 3rd quarter valued at $47,000. Finally, Perigon Wealth Management LLC bought a new position in shares of TeraWulf during the 4th quarter worth about $59,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.