TeraWulf Inc. (NASDAQ:WULF) Receives $3.66 Consensus PT from Analysts

TeraWulf Inc. (NASDAQ:WULF) has received a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.66.

Several equities analysts recently weighed in on WULF shares. Rosenblatt Securities assumed coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $4.00 price target on shares of TeraWulf in a research note on Thursday, March 28th. Compass Point lowered their price target on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, B. Riley reduced their price objective on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, April 5th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in TeraWulf by 202.0% during the 1st quarter. California State Teachers Retirement System now owns 26,137 shares of the company’s stock valued at $25,000 after buying an additional 17,482 shares in the last quarter. Citigroup Inc. boosted its position in shares of TeraWulf by 17,705.9% in the second quarter. Citigroup Inc. now owns 15,135 shares of the company’s stock valued at $26,000 after acquiring an additional 15,050 shares during the period. Apollon Wealth Management LLC bought a new position in shares of TeraWulf in the fourth quarter valued at approximately $27,000. Partners Capital Investment Group LLP purchased a new position in TeraWulf during the fourth quarter valued at approximately $29,000. Finally, Franklin Resources Inc. bought a new stake in TeraWulf during the 4th quarter worth approximately $29,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

TeraWulf Stock Up 4.5 %

Shares of TeraWulf stock opened at $1.96 on Friday. TeraWulf has a 1 year low of $0.89 and a 1 year high of $4.04. The stock has a fifty day moving average price of $2.16 and a 200-day moving average price of $1.73.

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.