TeraWulf (NASDAQ:WULF) Receives “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of TeraWulf (NASDAQ:WULF) in a report released on Thursday, Benzinga reports. The brokerage currently has a $10.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities lifted their target price on TeraWulf from $4.20 to $5.00 and gave the stock a buy rating in a report on Wednesday, August 14th. B. Riley reissued a buy rating and set a $6.00 target price on shares of TeraWulf in a report on Monday, August 26th. Needham & Company LLC initiated coverage on TeraWulf in a research report on Wednesday, September 4th. They issued a buy rating and a $6.00 price target on the stock. Roth Mkm restated a buy rating and issued a $6.50 price target on shares of TeraWulf in a research report on Monday, July 8th. Finally, Roth Capital upgraded TeraWulf to a strong-buy rating in a research report on Tuesday, July 2nd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $5.71.

TeraWulf Price Performance

NASDAQ WULF opened at $4.40 on Thursday. TeraWulf has a 12 month low of $0.89 and a 12 month high of $6.51. The stock has a 50 day moving average of $4.24 and a 200-day moving average of $3.59.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. TeraWulf had a negative net margin of 41.67% and a negative return on equity of 19.77%. The business had revenue of $35.57 million for the quarter, compared to analyst estimates of $35.73 million. As a group, equities analysts expect that TeraWulf will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On TeraWulf

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Miracle Mile Advisors LLC acquired a new position in shares of TeraWulf in the first quarter worth approximately $29,000. Amalgamated Bank lifted its stake in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares during the period. ARS Investment Partners LLC acquired a new position in TeraWulf in the second quarter valued at approximately $44,000. Pekin Hardy Strauss Inc. acquired a new position in TeraWulf in the second quarter valued at approximately $44,000. Finally, PEAK6 Investments LLC acquired a new position in TeraWulf in the first quarter valued at approximately $64,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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.