TeraWulf (NASDAQ:WULF) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of TeraWulf (NASDAQ:WULF) in a research note issued to investors on Monday,Benzinga reports. They currently have a $11.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC upped their price objective on shares of TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Thursday, December 5th. Finally, B. Riley increased their target price on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Up 4.5 %

Shares of NASDAQ:WULF opened at $6.50 on Monday. The stock’s 50-day moving average price is $6.98 and its 200-day moving average price is $5.47. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30.

Institutional Trading of TeraWulf

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in TeraWulf by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock valued at $516,000 after acquiring an additional 4,756 shares during the period. Franklin Resources Inc. lifted its holdings in TeraWulf by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock worth $3,081,000 after purchasing an additional 64,634 shares in the last quarter. Tidal Investments LLC boosted its stake in TeraWulf by 1,389.8% in the 3rd quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock worth $4,065,000 after purchasing an additional 810,382 shares during the period. Virtu Financial LLC bought a new stake in shares of TeraWulf during the third quarter valued at approximately $434,000. Finally, Geode Capital Management LLC boosted its position in shares of TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after acquiring an additional 820,354 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

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.