TeraWulf (NASDAQ:WULF) Upgraded to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of TeraWulf (NASDAQ:WULF) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. Roth Capital also issued estimates for TeraWulf’s Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.06) EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.12 EPS and FY2026 earnings at $0.30 EPS.

WULF has been the topic of several other research reports. Cantor Fitzgerald boosted their price target on shares of TeraWulf from $7.00 to $9.00 and gave the company an overweight rating in a report on Wednesday, June 26th. B. Riley boosted their price target on shares of TeraWulf from $5.00 to $6.00 and gave the company a buy rating in a report on Friday, June 28th. Roth Mkm started coverage on shares of TeraWulf in a report on Tuesday. They issued a buy rating and a $6.50 price target on the stock. Rosenblatt Securities started coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a buy rating and a $4.20 price target on the stock. Finally, Compass Point lowered their price target on shares of TeraWulf from $4.50 to $3.50 and set a buy rating on the stock in a report on Thursday, March 21st. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $5.21.

TeraWulf Trading Up 3.2 %

NASDAQ:WULF opened at $5.21 on Tuesday. TeraWulf has a one year low of $0.89 and a one year high of $5.37. The company has a fifty day moving average price of $3.08 and a 200 day moving average price of $2.43.

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

Insider Transactions at TeraWulf

In other news, Treasurer Kenneth J. Deane sold 69,996 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $3.25, for a total value of $227,487.00. Following the sale, the treasurer now owns 337,245 shares of the company’s stock, valued at approximately $1,096,046.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 24.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in TeraWulf by 126.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company’s stock worth $5,897,000 after buying an additional 1,372,195 shares in the last quarter. Quadrature Capital Ltd acquired a new position in TeraWulf during the 3rd quarter worth about $144,000. Miracle Mile Advisors LLC acquired a new position in TeraWulf during the 1st quarter worth about $29,000. Apollon Wealth Management LLC acquired a new position in TeraWulf during the 4th quarter worth about $27,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in TeraWulf during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

About TeraWulf

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.