TeraWulf Inc. (NASDAQ:WULF) Receives $8.64 Average PT from Analysts

TeraWulf Inc. (NASDAQ:WULF - Get Free Report) has been assigned an average recommendation of "Buy" from the ten analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $8.64.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a "market perform" rating for the company. Northland Securities reissued an "outperform" rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Atb Cap Markets raised TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. B. Riley upped their price target on TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $9.50 price target on shares of TeraWulf in a research report on Monday, January 13th.

Hedge Funds Weigh In On TeraWulf

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company's stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the period. State Street Corp increased its position 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 period. Intech Investment Management LLC purchased a new stake in TeraWulf in the third quarter valued at $340,000. GoalVest Advisory LLC purchased a new stake in TeraWulf in the fourth quarter valued at $651,000. Finally, Barclays PLC boosted its holdings in TeraWulf by 419.7% in the third quarter. Barclays PLC now owns 424,748 shares of the company's stock valued at $1,989,000 after purchasing an additional 343,016 shares during the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Performance

NASDAQ:WULF traded up $0.08 during trading hours on Friday, reaching $5.11. The company's stock had a trading volume of 23,694,370 shares, compared to its average volume of 45,329,090. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30. The stock has a 50 day moving average price of $6.15 and a two-hundred day moving average price of $5.53.

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.