TeraWulf (NASDAQ:WULF) PT Raised to $6.00 at B. Riley

TeraWulf (NASDAQ:WULF) had its target price boosted by B. Riley from $5.00 to $6.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for TeraWulf’s FY2026 earnings at $0.13 EPS.

A number of other research firms have also recently weighed in on WULF. Rosenblatt Securities began coverage on TeraWulf in a report on Tuesday, April 9th. They set a buy rating and a $4.20 price target for the company. Cantor Fitzgerald raised their price target on TeraWulf from $7.00 to $9.00 and gave the company an overweight rating in a report on Wednesday, June 26th. Finally, Compass Point dropped their price target on TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a report on Thursday, March 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $4.99.

TeraWulf Stock Performance

Shares of NASDAQ WULF opened at $5.21 on Friday. The business’s 50-day moving average price is $2.93 and its two-hundred day moving average price is $2.36. TeraWulf has a one year low of $0.89 and a one year high of $5.22.

TeraWulf (NASDAQ:WULF) last announced its earnings results on Monday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. The business had revenue of $42.43 million for the quarter, compared to the consensus estimate of $41.86 million. On average, sell-side analysts predict that TeraWulf will post -0.09 EPS for the current year.

Insider Buying and Selling

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $3.25, for a total transaction of $227,487.00. Following the completion of the sale, the treasurer now owns 337,245 shares in the company, valued at $1,096,046.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 24.88% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TeraWulf

Large investors have recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new stake in TeraWulf during the fourth quarter valued at $27,000. Partners Capital Investment Group LLP bought a new position in shares of TeraWulf during the 4th quarter worth about $29,000. Miracle Mile Advisors LLC bought a new position in shares of TeraWulf during the 1st quarter worth about $29,000. Global Retirement Partners LLC bought a new position in shares of TeraWulf during the 4th quarter worth about $30,000. Finally, Regatta Capital Group LLC bought a new position in shares of TeraWulf during the 4th quarter worth about $31,000. 62.49% of the stock is currently owned by 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.