TeraWulf (NASDAQ:WULF) Raised to “Strong-Buy” at Atb Cap Markets

TeraWulf (NASDAQ:WULF) was upgraded by Atb Cap Markets to a “strong-buy” rating in a report released on Sunday,Zacks.com reports.

A number of other equities research analysts have also issued reports on WULF. B. Riley raised their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. Rosenblatt Securities reissued a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday, December 5th. Needham & Company LLC raised their target price 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 reiterated an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a report on Monday. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 5.2 %

WULF traded down $0.34 during trading on Friday, reaching $6.16. The company had a trading volume of 13,846,580 shares, compared to its average volume of 30,257,508. TeraWulf has a 52 week low of $1.24 and a 52 week high of $9.30. The business has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $5.47.

Hedge Funds Weigh In On TeraWulf

Several large investors have recently modified their holdings of WULF. Aspect Partners LLC acquired a new stake in shares of TeraWulf during the 3rd quarter worth about $26,000. FMR LLC increased its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after acquiring an additional 1,408 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after acquiring an additional 2,912 shares during the last quarter. KBC Group NV acquired a new stake in TeraWulf in the 3rd quarter valued at approximately $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in TeraWulf in the second quarter valued at approximately $44,000. Institutional investors and hedge funds 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.