TeraWulf (NASDAQ:WULF) Price Target Raised to $6.00 at B. Riley

TeraWulf (NASDAQ:WULF) had its price target upped by B. Riley from $5.00 to $6.00 in a research note issued to investors on Friday, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for TeraWulf’s FY2026 earnings at $0.13 EPS.

Several other research firms have also weighed in on WULF. Rosenblatt Securities initiated coverage on shares of TeraWulf in a report on Tuesday, April 9th. They set a buy rating and a $4.20 target price for the company. Cantor Fitzgerald lifted their target price on shares of TeraWulf from $7.00 to $9.00 and gave the company an overweight rating in a report on Wednesday, June 26th. Finally, Compass Point cut their target price on shares of TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a report on Thursday, March 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $4.99.

TeraWulf Stock Performance

Shares of NASDAQ WULF opened at $5.21 on Friday. TeraWulf has a 12 month low of $0.89 and a 12 month high of $5.22. The company has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $2.36.

TeraWulf (NASDAQ:WULF) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). TeraWulf had a negative net margin of 56.70% and a negative return on equity of 30.00%. The business had revenue of $42.43 million for the quarter, compared to analyst estimates of $41.86 million. Equities research analysts forecast that TeraWulf will post -0.09 earnings per share for the current year.

Insider Activity at TeraWulf

In related news, Treasurer Kenneth J. Deane sold 69,996 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $3.25, for a total transaction of $227,487.00. Following the transaction, the treasurer now directly owns 337,245 shares in the company, valued at $1,096,046.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WULF. Van ECK Associates Corp lifted its stake in TeraWulf by 50.8% in the 1st quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock worth $17,708,000 after purchasing an additional 2,268,870 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TeraWulf by 17.7% during the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after buying an additional 1,764,115 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of TeraWulf by 126.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,457,169 shares of the company’s stock valued at $5,897,000 after buying an additional 1,372,195 shares during the period. Axxcess Wealth Management LLC raised its position in shares of TeraWulf by 356.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company’s stock valued at $1,260,000 after buying an additional 780,786 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in shares of TeraWulf during the 4th quarter valued at approximately $1,200,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

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.