TeraWulf (NASDAQ:WULF) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report sent to investors on Monday,Benzinga reports. They currently have a $10.00 target price on the stock.

WULF has been the subject of a number of other reports. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. B. Riley lifted their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods initiated coverage on TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, TeraWulf presently has a consensus rating of “Buy” and a consensus price target of $8.64.

TeraWulf Stock Down 3.7 %

Shares of WULF opened at $5.20 on Monday. The stock has a 50-day moving average of $6.89 and a two-hundred day moving average of $5.51. TeraWulf has a one year low of $1.24 and a one year high of $9.30.

Institutional Trading of TeraWulf

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings 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 valued at $33,623,000 after acquiring an additional 820,354 shares during the period. State Street Corp lifted its stake in 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 in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of TeraWulf during the 2nd quarter worth approximately $22,443,000. Hood River Capital Management LLC bought a new stake in shares of TeraWulf during the 2nd quarter worth approximately $20,532,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

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.