TeraWulf (NASDAQ:WULF) Stock Rating Reaffirmed by B. Riley

B. Riley reissued their buy rating on shares of TeraWulf (NASDAQ:WULF) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $6.00 target price on the stock.

WULF has been the topic of several other research reports. Cantor Fitzgerald raised their target price on shares of TeraWulf from $9.00 to $10.00 and gave the stock an overweight rating in a report on Friday, July 5th. Roth Capital upgraded TeraWulf to a strong-buy rating in a research note on Tuesday, July 2nd. Roth Mkm reiterated a buy rating and set a $6.50 price objective on shares of TeraWulf in a research report on Monday, July 8th. Finally, Rosenblatt Securities raised their target price on TeraWulf from $4.20 to $5.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $5.67.

TeraWulf Trading Up 0.5 %

NASDAQ WULF opened at $4.20 on Monday. TeraWulf has a one year low of $0.89 and a one year high of $6.51. The stock has a 50-day moving average of $4.60 and a 200 day moving average of $3.16.

Insider Activity at TeraWulf

In other TeraWulf news, Treasurer Kenneth J. Deane sold 69,996 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $3.25, for a total value of $227,487.00. Following the completion of the sale, the treasurer now owns 337,245 shares in the company, valued at $1,096,046.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 24.88% of the stock is owned by company insiders.

Institutional Trading of TeraWulf

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank lifted its stake in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock valued at $119,000 after acquiring an additional 6,450 shares in the last quarter. ARS Investment Partners LLC purchased a new position in shares of TeraWulf in the second quarter valued at about $44,000. Pekin Hardy Strauss Inc. bought a new position in shares of TeraWulf in the second quarter worth about $44,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of TeraWulf during the first quarter worth about $29,000. 62.49% of the stock is owned by hedge funds and other 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.