TeraWulf Target of Unusually Large Options Trading (NASDAQ:WULF)

TeraWulf Inc. (NASDAQ:WULF) was the recipient of some unusual options trading activity on Monday. Traders purchased 26,556 call options on the company. This represents an increase of 67% compared to the average daily volume of 15,927 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WULF shares. B. Riley dropped their price target on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $4.00 price target on shares of TeraWulf in a research report on Thursday, March 28th. Compass Point dropped their target price on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, Rosenblatt Securities initiated coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $3.66.

TeraWulf Stock Performance

Shares of NASDAQ:WULF opened at $2.71 on Wednesday. TeraWulf has a 52 week low of $0.89 and a 52 week high of $4.04. The company’s fifty day moving average is $2.18 and its 200-day moving average is $1.77.

Institutional Investors Weigh In On TeraWulf

Institutional investors and hedge funds have recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of TeraWulf in the 4th quarter valued at about $27,000. Partners Capital Investment Group LLP bought a new stake in TeraWulf during the 4th quarter worth approximately $29,000. Miracle Mile Advisors LLC bought a new stake in TeraWulf during the 1st quarter worth approximately $29,000. Global Retirement Partners LLC bought a new stake in TeraWulf during the 4th quarter worth approximately $30,000. Finally, Regatta Capital Group LLC bought a new stake in TeraWulf during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.