TeraWulf (NASDAQ:WULF) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of TeraWulf (NASDAQ:WULF) to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

WULF has been the subject of several other research reports. Chardan Capital restated a “buy” rating and set a $32.00 target price on shares of TeraWulf in a report on Wednesday, August 5th. Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of TeraWulf in a research note on Wednesday, May 27th. Wells Fargo & Company initiated coverage on TeraWulf in a report on Thursday, September 17th. They set an “overweight” rating and a $30.00 target price on the stock. Keefe, Bruyette & Woods decreased their price target on TeraWulf from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Finally, Freedom Capital upgraded TeraWulf to a “strong-buy” rating in a research note on Tuesday, September 8th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.33.

TeraWulf Stock Down 5.7%

Shares of TeraWulf stock opened at $16.35 on Wednesday. The business’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $19.74. TeraWulf has a 52-week low of $10.43 and a 52-week high of $29.84. The firm has a market cap of $8.16 billion, a PE ratio of -3.74 and a beta of 3.70. The company has a debt-to-equity ratio of 27.25, a quick ratio of 0.75 and a current ratio of 0.75.

TeraWulf (NASDAQ:WULF) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($1.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($1.70). TeraWulf had a negative return on equity of 458.62% and a negative net margin of 1,179.94%.The firm had revenue of $44.77 million for the quarter, compared to analyst estimates of $46.00 million. During the same period last year, the company earned ($0.05) EPS. The company’s revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that TeraWulf will post -0.95 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraWulf

In related news, CEO Paul B. Prager sold 137,500 shares of the business’s 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 directly owned 3,807,552 shares of the company’s stock, valued at approximately $64,956,837.12. The trade was a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter E. Carter sold 130,626 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $15.14, for a total value of $1,977,677.64. Following the completion of the sale, the director owned 229,090 shares in the company, valued at approximately $3,468,422.60. This trade represents a 36.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have acquired 11,968 shares of company stock worth $189,962 and have sold 405,626 shares worth $7,980,928. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On TeraWulf

Institutional investors and hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd acquired a new stake in shares of TeraWulf during the 2nd quarter worth about $11,945,000. WINTON GROUP Ltd acquired a new position in TeraWulf in the 2nd quarter valued at about $5,550,000. Integrated Wealth Concepts LLC grew its stake in TeraWulf by 8.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 48,782 shares of the company’s stock valued at $1,205,000 after buying an additional 3,617 shares during the last quarter. IFP Advisors Inc raised its holdings in TeraWulf by 75.9% in the 2nd 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 stake in TeraWulf during the second quarter worth approximately $540,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting TeraWulf

Here are the key news stories impacting TeraWulf this week:

• Positive Sentiment: TeraWulf reportedly secured a 20-year lease tied to Anthropic’s AI infrastructure needs. The long-term agreement strengthens revenue visibility and supports the company’s strategy of converting its power capacity and data-center assets to high-performance computing. Why TeraWulf Is Up 6.2% After Securing a 20-Year Anthropic AI Lease
• Positive Sentiment: UBS initiated coverage of WULF with a Buy rating, identifying TeraWulf as one of several crypto-mining companies positioned to benefit from strong demand for AI computing and limited available capacity. UBS cited the company’s power access and existing infrastructure as competitive advantages. UBS Turns Bullish on Five AI Data Center Stocks
• Positive Sentiment: Wells Fargo also began coverage with an Overweight rating, adding another favorable institutional view of TeraWulf’s AI data-center transition and growth prospects. Wells Fargo Initiates Coverage of TeraWulf With Overweight Rating
• Neutral Sentiment: Rothschild & Co. Redburn initiated coverage with a Neutral rating and a $15 price target. The call suggests the firm sees meaningful AI potential but believes the current valuation already reflects much of the expected growth. Rothschild Redburn Starts TeraWulf at Neutral

TeraWulf Company Profile

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.