TeraWulf (NASDAQ:WULF) Receives Outperform Rating from Northland Securities

Northland Securities reaffirmed their outperform rating on shares of TeraWulf (NASDAQ:WULF) in a report released on Tuesday,Benzinga reports. Northland Securities currently has a $10.00 price target on the stock.

WULF has been the subject of a number of other research reports. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research note on Wednesday, December 4th. Needham & Company LLC raised their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Thursday, December 5th. B. Riley lifted their price objective on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, TeraWulf presently has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Up 7.2 %

Shares of WULF stock opened at $6.23 on Tuesday. TeraWulf has a one year low of $1.24 and a one year high of $9.30. The stock has a fifty day moving average price of $6.98 and a 200 day moving average price of $5.33.

Institutional Trading of TeraWulf

Hedge funds have recently modified their holdings of the stock. Aspect Partners LLC acquired a new position in TeraWulf during the 3rd quarter worth $26,000. Amalgamated Bank raised its position in shares of TeraWulf by 57.7% during the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after acquiring an additional 2,912 shares during the last quarter. FMR LLC lifted its stake in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares during the period. KBC Group NV bought a new position in TeraWulf in the third quarter valued at about $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in TeraWulf in the second quarter worth about $44,000. 62.49% of the stock is owned by 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.