TeraWulf’s (WULF) Outperform Rating Reiterated at Northland Securities

Northland Securities restated their outperform rating on shares of TeraWulf (NASDAQ:WULF) in a research note released on Tuesday,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other analysts have also weighed in on the stock. Needham & Company LLC boosted their target price on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Wednesday, December 4th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Thursday, December 5th. Finally, B. Riley upped their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $8.64.

TeraWulf Trading Down 2.4 %

NASDAQ:WULF opened at $6.08 on Tuesday. The business’s 50-day simple moving average is $7.05 and its 200 day simple moving average is $5.37. TeraWulf has a one year low of $1.24 and a one year high of $9.30.

Institutional Trading of TeraWulf

Hedge funds have recently modified their holdings of the company. Aspect Partners LLC acquired a new position in TeraWulf in the third quarter worth about $26,000. Amalgamated Bank raised its holdings in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares in the last quarter. FMR LLC lifted its position in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after buying an additional 1,408 shares during the period. KBC Group NV acquired a new stake in TeraWulf in the 3rd quarter valued at $39,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in TeraWulf in the second quarter valued at $44,000. Institutional investors own 62.49% of the company’s stock.

About TeraWulf

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.