TeraWulf (NASDAQ:WULF) Stock Gets Price Target Cut from Citigroup

TeraWulf (NASDAQ:WULF) had its price objective cut by Citigroup from $31.00 to $24.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on WULF. TD Cowen started coverage on TeraWulf in a research report on Monday, October 12th. They issued a “buy” rating and a $21.00 price objective for the company. HC Wainwright reiterated a “buy” rating on shares of TeraWulf in a research note on Friday, August 21st. B. Riley Financial lowered their price target on TeraWulf from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Northland Securities set a $22.50 target price on shares of TeraWulf in a report on Friday, November 6th. Finally, Keefe, Bruyette & Woods lowered their target price on TeraWulf from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.18.

TeraWulf Stock Performance

Shares of WULF stock opened at $13.04 on Tuesday. The firm has a 50 day moving average of $14.04 and a two-hundred day moving average of $17.93. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 5.35. TeraWulf has a 52 week low of $9.51 and a 52 week high of $29.84. The stock has a market capitalization of $6.54 billion, a PE ratio of -3.99 and a beta of 4.00.

TeraWulf (NASDAQ:WULF) last posted its quarterly earnings results on Friday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.15. The company had revenue of $76.23 million during the quarter, compared to analysts’ expectations of $62.49 million. TeraWulf had a negative net margin of 410.92% and a positive return on equity of 87.30%. The firm’s revenue was up 50.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.13) EPS. On average, research analysts predict that TeraWulf will post -0.48 EPS for the current fiscal year.

Insider Activity

In related news, Director Walter Carter sold 130,626 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.14, for a total transaction of $1,977,677.64. Following the completion of the sale, the director directly owned 229,090 shares in the company, valued at approximately $3,468,422.60. This trade represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Paul Prager sold 137,500 shares of TeraWulf stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $17.06, for a total transaction of $2,345,750.00. Following the transaction, the chief executive officer owned 3,807,552 shares in the company, valued at approximately $64,956,837.12. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 15.90% of the company’s stock.

Institutional Trading of TeraWulf

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in TeraWulf by 25.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,387 shares of the company’s stock worth $84,000 after acquiring an additional 681 shares during the last quarter. CoreCap Advisors LLC lifted its position in TeraWulf by 106.7% in the 2nd quarter. CoreCap Advisors LLC now owns 1,447 shares of the company’s stock valued at $36,000 after acquiring an additional 747 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of TeraWulf by 0.5% during the third quarter. Thoroughbred Financial Services LLC now owns 162,925 shares of the company’s stock worth $2,411,000 after buying an additional 850 shares during the period. State of Wyoming lifted its position in shares of TeraWulf by 13.5% in the third quarter. State of Wyoming now owns 7,331 shares of the company’s stock worth $108,000 after purchasing an additional 870 shares in the last quarter. Finally, Vima LLC lifted its position in TeraWulf by 0.7% during the 3rd quarter. Vima LLC now owns 145,545 shares of the company’s stock worth $2,154,000 after buying an additional 1,034 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about TeraWulf

These are some of the WULF headlines that stood out recently:

• Positive Sentiment: Shares benefited Wednesday from strength across AI-infrastructure stocks after CoreWeave reported earnings, giving WULF a sector-wide tailwind. TeraWulf Stock Rises With AI Infrastructure Stocks After CoreWeave Earnings
• Positive Sentiment: Recent results and project updates provide fundamental support: third-quarter revenue was $76.2 million, including about $63 million from high-performance computing leases. The company also highlighted its 20-year Anthropic lease, expected to generate about $19 billion in contracted revenue, Google credit support connected to project financing, and roughly $2.4 billion in cash and restricted cash at quarter-end. Why TeraWulf (WULF) Stock Is Up Today
• Negative Sentiment: Wells Fargo, Morgan Stanley, Citigroup and Jefferies lowered their WULF price targets, adding to recent cuts from Rosenblatt and Needham. The reports signal more cautious analyst expectations, though the provided articles do not specify the revised targets. Wells Fargo cuts TeraWulf price target Morgan Stanley lowers expectations Citigroup lowers expectations Jefferies cuts TeraWulf price target

About TeraWulf

TeraWulf, Inc. develops and operates digital infrastructure, including facilities for Bitcoin mining and high-performance computing (HPC). The company focuses on locating its operations near sources of low-carbon energy and offers data center capacity designed for energy-intensive computing. Its Lake Mariner facility in New York is a key site for its mining and data center activities. TeraWulf has also operated in Pennsylvania through the Nautilus Cryptomine facility, reflecting its history of developing energy-intensive operations in the northeastern United States.