Northland Securities Reaffirms “Outperform” Rating for TeraWulf (NASDAQ:WULF)

TeraWulf (NASDAQ:WULF)‘s stock had its “outperform” rating reiterated by Northland Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $10.00 price objective on the stock. Northland Securities’ target price would suggest a potential upside of 60.51% from the company’s current price.

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

TeraWulf Stock Performance

NASDAQ WULF opened at $6.23 on Tuesday. The business has a fifty day moving average price of $7.03 and a two-hundred day moving average price of $5.36. TeraWulf has a fifty-two week low of $1.24 and a fifty-two week high of $9.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aspect Partners LLC acquired a new position in shares of TeraWulf in the 3rd quarter worth approximately $26,000. FMR LLC lifted its stake in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares during the period. Amalgamated Bank boosted its position in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares in the last quarter. KBC Group NV bought a new position in shares of TeraWulf during the 3rd quarter worth approximately $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of TeraWulf during the 2nd quarter worth approximately $44,000. 62.49% of the stock is owned by institutional investors and hedge funds.

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.