TeraWulf (NASDAQ:WULF) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of TeraWulf (NASDAQ:WULF) to a strong-buy rating in a report released on Sunday morning,Zacks.com reports.

Several other research analysts have also recently weighed in on WULF. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. B. Riley boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Northland Securities reiterated an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, TeraWulf has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

NASDAQ WULF opened at $6.13 on Friday. The business has a fifty day simple moving average of $6.97 and a 200 day simple moving average of $5.48. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30.

Institutional Trading of TeraWulf

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of TeraWulf by 4.5% in the 3rd 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 in the last quarter. Franklin Resources Inc. boosted its stake in TeraWulf by 10.4% in the third quarter. Franklin Resources Inc. now owns 686,219 shares of the company’s stock worth $3,081,000 after buying an additional 64,634 shares in the last quarter. Tidal Investments LLC grew its position in TeraWulf by 1,389.8% during the third quarter. Tidal Investments LLC now owns 868,692 shares of the company’s stock valued at $4,065,000 after acquiring an additional 810,382 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of TeraWulf during the third quarter worth approximately $434,000. Finally, Geode Capital Management LLC lifted its holdings 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 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.