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

Rosenblatt Securities restated their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a $10.00 target price on the stock.

Several other research analysts have also recently issued reports on WULF. Needham & Company LLC upped 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. Northland Securities upped their target price on TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley reissued a “buy” rating and issued a $6.00 price target on shares of TeraWulf in a research note on Monday, October 7th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.07.

TeraWulf Stock Performance

WULF opened at $7.71 on Thursday. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30. The business has a 50 day moving average price of $6.29 and a two-hundred day moving average price of $4.88.

Institutional Trading of TeraWulf

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in TeraWulf by 17.7% in the 1st quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after buying an additional 1,764,115 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after buying an additional 820,354 shares during the period. State Street Corp boosted its stake in shares of TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after buying an additional 227,186 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of TeraWulf during the 2nd quarter valued at $22,443,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of TeraWulf during the 2nd quarter valued at $20,532,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.