Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) have earned an average recommendation of "Buy" from the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.64.
A number of equities research analysts recently weighed in on WULF shares. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, October 29th. Rosenblatt Securities restated a "buy" rating and set a $10.00 target price on shares of TeraWulf in a research note on Monday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a "market perform" rating on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $9.50 price objective on shares of TeraWulf in a report on Monday.
Get Our Latest Report on WULF
TeraWulf Price Performance
NASDAQ WULF traded down $0.31 during trading on Monday, reaching $5.09. 15,684,971 shares of the company's stock were exchanged, compared to its average volume of 30,881,818. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30. The business has a 50 day moving average price of $6.91 and a 200-day moving average price of $5.50.
Hedge Funds Weigh In On TeraWulf
Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of TeraWulf by 12.9% in the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company's stock valued at $33,623,000 after purchasing an additional 820,354 shares during the last quarter. State Street Corp lifted its stake in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company's stock valued at $29,405,000 after acquiring an additional 227,186 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in TeraWulf during the 2nd quarter worth $22,443,000. Hood River Capital Management LLC bought a new stake in shares of TeraWulf during the second quarter worth about $20,532,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock worth $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. Institutional investors own 62.49% of the company's stock.
About TeraWulf
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Get Free ReportTeraWulf 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.
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