TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Buy” by Brokerages

TeraWulf Inc. (NASDAQ:WULF) has earned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One 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 price target among brokers that have covered the stock in the last year is $8.64.

A number of equities research analysts have commented on the stock. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a research note on Monday, January 13th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th.

TeraWulf Price Performance

Shares of NASDAQ:WULF opened at $5.15 on Friday. TeraWulf has a 12 month low of $1.57 and a 12 month high of $9.30. The company’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $5.53.

Institutional Trading of TeraWulf

A number of hedge funds have recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of TeraWulf by 15.4% in the 4th quarter. Arizona State Retirement System now owns 83,219 shares of the company’s stock valued at $471,000 after acquiring an additional 11,095 shares during the period. Victory Capital Management Inc. raised its position in shares of TeraWulf by 167.6% in the 4th quarter. Victory Capital Management Inc. now owns 93,288 shares of the company’s stock valued at $528,000 after acquiring an additional 58,422 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of TeraWulf by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,469,948 shares of the company’s stock valued at $13,980,000 after acquiring an additional 105,997 shares during the period. SBI Securities Co. Ltd. acquired a new stake in TeraWulf during the 4th quarter worth approximately $988,000. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in TeraWulf during the 4th quarter worth approximately $221,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.