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

Investment analysts at Keefe, Bruyette & Woods began coverage on shares of TeraWulf (NASDAQ:WULF) in a report released on Wednesday, Marketbeat reports. The brokerage set a “market perform” rating on the stock.

A number of other research analysts have also recently issued reports on WULF. Stifel Canada cut shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Thursday, December 5th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Needham & Company LLC upped their price target on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Monday. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Trading Down 10.1 %

Shares of TeraWulf stock opened at $5.51 on Wednesday. TeraWulf has a 12-month low of $1.24 and a 12-month high of $9.30. The company has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $5.48.

Hedge Funds Weigh In On TeraWulf

A number of hedge funds and other institutional investors have recently bought and sold shares of WULF. Aspect Partners LLC acquired a new position in shares of TeraWulf in the 3rd quarter valued at $26,000. Amalgamated Bank lifted its stake in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares during the period. FMR LLC boosted its holdings in TeraWulf by 22.0% during 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 last quarter. KBC Group NV acquired a new position in shares of TeraWulf during the 3rd quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of TeraWulf in the 2nd quarter valued at 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.