TeraWulf Inc. (NASDAQ:WULF) Receives Consensus Rating of “Buy” from Analysts

TeraWulf Inc. (NASDAQ:WULF) has been given an average recommendation of “Buy” by the eight research firms that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.21.

Several research firms have recently commented on WULF. Northland Securities upped their price target on TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of TeraWulf in a research note on Monday, October 7th. Rosenblatt Securities restated a “buy” rating and issued a $5.00 price objective on shares of TeraWulf in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of TeraWulf in a research report on Thursday, October 3rd.

Institutional Trading of TeraWulf

Several institutional investors and hedge funds have recently modified their holdings of WULF. Aspect Partners LLC purchased a new stake in TeraWulf in the 3rd quarter valued at approximately $26,000. Amalgamated Bank boosted its stake in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after acquiring an additional 2,912 shares during the last quarter. FMR LLC increased its position in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after purchasing an additional 1,408 shares in the last quarter. KBC Group NV acquired a new position in TeraWulf in the 3rd quarter valued at about $39,000. Finally, ARS Investment Partners LLC purchased a new position in TeraWulf in the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Up 11.0 %

WULF opened at $7.29 on Friday. TeraWulf has a 52 week low of $1.16 and a 52 week high of $9.30. The business has a 50 day moving average price of $6.02 and a two-hundred day moving average price of $4.69.

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.