Cantor Fitzgerald Raises TeraWulf (NASDAQ:WULF) Price Target to $10.00

TeraWulf (NASDAQ:WULF) had its target price raised by Cantor Fitzgerald from $9.00 to $10.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on WULF. Compass Point cut their price objective on shares of TeraWulf from $4.50 to $3.50 and set a buy rating on the stock in a research note on Thursday, March 21st. B. Riley upped their target price on TeraWulf from $5.00 to $6.00 and gave the stock a buy rating in a research note on Friday, June 28th. Rosenblatt Securities assumed coverage on TeraWulf in a report on Tuesday, April 9th. They set a buy rating and a $4.20 target price on the stock. Roth Mkm assumed coverage on TeraWulf in a research report on Tuesday, July 2nd. They issued a buy rating and a $6.50 price objective on the stock. Finally, Roth Capital raised shares of TeraWulf to a strong-buy rating in a report on Tuesday, July 2nd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $5.35.

TeraWulf Stock Down 2.0 %

Shares of WULF opened at $5.47 on Friday. The stock has a 50-day moving average of $3.21 and a two-hundred day moving average of $2.48. TeraWulf has a one year low of $0.89 and a one year high of $6.01.

TeraWulf (NASDAQ:WULF) last released its earnings results on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). TeraWulf had a negative return on equity of 30.00% and a negative net margin of 56.70%. The firm had revenue of $42.43 million for the quarter, compared to analyst estimates of $41.86 million. On average, equities analysts expect that TeraWulf will post -0.08 earnings per share for the current year.

Insider Buying and Selling at TeraWulf

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $3.25, for a total transaction of $227,487.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.88% of the stock is currently owned by corporate insiders.

Institutional Trading of TeraWulf

A number of large investors have recently modified their holdings of WULF. Price T Rowe Associates Inc. MD increased its position in shares of TeraWulf by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after purchasing an additional 6,450 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of TeraWulf during the first quarter worth $29,000. Apollon Wealth Management LLC purchased a new position in TeraWulf in the fourth quarter valued at $27,000. Delta Financial Group Inc. raised its stake in TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock valued at $116,000 after buying an additional 11,100 shares in the last quarter. Finally, Partners Capital Investment Group LLP purchased a new stake in TeraWulf during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

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.