TeraWulf (NASDAQ:WULF) Receives Overweight Rating from Cantor Fitzgerald

TeraWulf (NASDAQ:WULF)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They currently have a $11.00 target price on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 51.31% from the stock’s previous close.

WULF has been the topic of a number of other reports. Rosenblatt Securities reiterated a “buy” rating and issued a $5.00 price target on shares of TeraWulf in a research report on Tuesday, October 8th. Northland Securities increased their target price on shares of TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. B. Riley restated a “buy” rating and issued a $6.00 price target on shares of TeraWulf in a research report on Monday, October 7th. Needham & Company LLC raised their price objective on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $7.36.

TeraWulf Trading Down 0.7 %

Shares of WULF stock traded down $0.05 during trading hours on Wednesday, hitting $7.27. The company had a trading volume of 13,218,866 shares, compared to its average volume of 26,218,460. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The firm’s fifty day moving average is $6.18 and its 200 day moving average is $4.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FMR LLC increased 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 buying an additional 1,408 shares during the period. Chesapeake Capital Corp IL boosted its holdings in TeraWulf by 6.6% in the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock valued at $136,000 after acquiring an additional 1,700 shares during the last quarter. Amalgamated Bank boosted its holdings 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 acquiring an additional 2,912 shares during the last quarter. Victory Capital Management Inc. increased its position in TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after purchasing an additional 4,093 shares during the period. Finally, Aspect Partners LLC bought a new stake in TeraWulf during the 3rd quarter worth about $26,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

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.