TeraWulf (NASDAQ:WULF) Rating Increased to Hold at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of TeraWulf (NASDAQ:WULF) to a hold rating in a research note published on Monday morning,Zacks reports.

Several other equities research analysts have also recently issued reports on the company. Lucid Cap Mkts upgraded TeraWulf to a “strong-buy” rating in a report on Wednesday, May 27th. Bank of America initiated coverage on TeraWulf in a research note on Monday, June 15th. They issued a “buy” rating and a $34.00 price target on the stock. Oppenheimer restated an “outperform” rating and issued a $35.00 price target on shares of TeraWulf in a report on Wednesday, May 27th. HC Wainwright reaffirmed a “buy” rating on shares of TeraWulf in a research note on Friday, August 21st. Finally, Compass Point set a $40.00 target price on shares of TeraWulf in a report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TeraWulf currently has an average rating of “Moderate Buy” and a consensus price target of $33.04.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $17.45 on Monday. The company has a debt-to-equity ratio of 27.25, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of -3.99 and a beta of 3.70. TeraWulf has a 12 month low of $10.43 and a 12 month high of $29.84. The firm’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $19.72.

TeraWulf (NASDAQ:WULF) last issued its earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). The business had revenue of $44.77 million for the quarter, compared to analysts’ expectations of $46.00 million. TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. As a group, equities analysts forecast that TeraWulf will post -0.95 earnings per share for the current year.

Insider Transactions at TeraWulf

In other TeraWulf news, Director Michael C. Bucella bought 6,085 shares of TeraWulf stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $14.79 per share, for a total transaction of $89,997.15. Following the completion of the acquisition, the director owned 350,789 shares of the company’s stock, valued at approximately $5,188,169.31. This represents a 1.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter E. Carter sold 130,626 shares of TeraWulf stock in a transaction on Monday, August 31st. The stock was sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the transaction, the director owned 229,090 shares in the company, valued at $3,468,422.60. The trade was a 36.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 11,968 shares of company stock worth $189,962 and sold 405,626 shares worth $7,980,928. Insiders own 15.90% of the company’s stock.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd acquired a new stake in TeraWulf during the second quarter worth $11,945,000. WINTON GROUP Ltd acquired a new position in shares of TeraWulf in the 2nd quarter worth approximately $5,550,000. Integrated Wealth Concepts LLC lifted its position in shares of TeraWulf by 8.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 48,782 shares of the company’s stock worth $1,205,000 after buying an additional 3,617 shares during the period. IFP Advisors Inc grew its position in TeraWulf by 75.9% in the second quarter. IFP Advisors Inc now owns 15,124 shares of the company’s stock valued at $374,000 after acquiring an additional 6,524 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in TeraWulf during the second quarter worth $540,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

About TeraWulf

TeraWulf Inc (NASDAQ: WULF) develops and operates digital-asset mining and high-performance computing infrastructure. The company has focused primarily on bitcoin mining while expanding its data-center platform to support artificial intelligence, cloud computing and other high-density computing applications.

TeraWulf emphasizes access to low-cost, predominantly zero-carbon energy and designs, builds and operates energy-intensive data-center facilities. Its operations have included the Lake Mariner facility in New York and the Nautilus Cryptomine facility in Pennsylvania, which was developed in collaboration with Cumulus Coin.