TeraWulf Inc. (NASDAQ:WULF) Receives $8.64 Average PT from Analysts

Shares of TeraWulf Inc. (NASDAQ:WULF) have received a consensus rating of “Buy” from the ten analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $8.64.

WULF has been the topic of a number of analyst reports. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Monday, January 13th. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th.

TeraWulf Stock Up 9.4 %

NASDAQ:WULF opened at $6.40 on Monday. TeraWulf has a twelve month low of $1.24 and a twelve month high of $9.30. The business has a 50 day moving average price of $6.80 and a two-hundred day moving average price of $5.52.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WULF. GoalVest Advisory LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth $651,000. SG Americas Securities LLC grew its holdings in shares of TeraWulf by 51.7% during the 4th quarter. SG Americas Securities LLC now owns 122,725 shares of the company’s stock worth $695,000 after purchasing an additional 41,826 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth $95,000. XML Financial LLC acquired a new stake in shares of TeraWulf during the 4th quarter worth $85,000. Finally, ARS Investment Partners LLC grew its holdings in shares of TeraWulf by 20.0% during the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock worth $68,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors 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.