TeraWulf Inc. (NASDAQ:WULF) Receives Average Recommendation of “Buy” from Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned an average rating of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.64.

Several research analysts have weighed in on the company. Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. B. Riley increased their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $9.50 target price on shares of TeraWulf in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They set a “market perform” rating for the company.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Aspect Partners LLC bought a new position in shares of TeraWulf in the third quarter worth $26,000. Rosenberg Matthew Hamilton purchased a new position in TeraWulf during the 4th quarter valued at about $32,000. FMR LLC grew its holdings in TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares in the last quarter. Amalgamated Bank increased its position 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 buying an additional 2,912 shares during the period. Finally, KBC Group NV purchased a new stake in shares of TeraWulf in the third quarter worth about $39,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Stock Performance

Shares of NASDAQ WULF opened at $6.40 on Monday. The stock’s 50 day moving average price is $6.76 and its 200-day moving average price is $5.54. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30.

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.