TeraWulf (NASDAQ:WULF) Research Coverage Started at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of TeraWulf (NASDAQ:WULF) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a market perform rating on the stock.

Other research analysts also recently issued reports about the company. Needham & Company LLC boosted their price target on TeraWulf from $6.00 to $9.50 and gave the company a “buy” rating in a report on Wednesday, November 13th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Price Performance

NASDAQ:WULF opened at $5.40 on Wednesday. The firm has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $5.49. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30.

Institutional Investors Weigh In On TeraWulf

Large investors have recently made changes to their positions in the business. Aspect Partners LLC purchased a new stake in TeraWulf during the 3rd quarter worth $26,000. Amalgamated Bank lifted its stake 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 purchasing an additional 2,912 shares in the last quarter. FMR LLC boosted its position in shares of TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after buying an additional 1,408 shares during the period. KBC Group NV purchased a new stake in shares of TeraWulf in the third quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of TeraWulf in the second quarter valued at about $44,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.