TeraWulf Inc. (NASDAQ:WULF) Given Consensus Rating of “Buy” by Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.66.

Several research firms recently weighed in on WULF. Cantor Fitzgerald restated an “overweight” rating and set a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. B. Riley reduced their target price on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Rosenblatt Securities assumed coverage on shares of TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 target price for the company. Finally, Compass Point cut their price target on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating on the stock in a report on Thursday, March 21st.

TeraWulf Stock Performance

Shares of WULF stock opened at $1.96 on Friday. The stock’s 50 day simple moving average is $2.16 and its two-hundred day simple moving average is $1.73. TeraWulf has a 1 year low of $0.89 and a 1 year high of $4.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TeraWulf by 26.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 380,461 shares of the company’s stock valued at $1,001,000 after purchasing an additional 79,925 shares during the period. GSG Advisors LLC bought a new stake in TeraWulf during the 1st quarter valued at $237,000. Vanguard Group Inc. lifted its holdings in shares of TeraWulf by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,958,205 shares of the company’s stock worth $23,900,000 after buying an additional 81,033 shares during the period. Vima LLC bought a new position in shares of TeraWulf during the 4th quarter worth $346,000. Finally, American International Group Inc. increased its stake in shares of TeraWulf by 8.8% during the fourth quarter. American International Group Inc. now owns 73,588 shares of the company’s stock valued at $177,000 after buying an additional 5,952 shares during the period. 62.49% of the stock is currently owned by institutional investors.

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.