TeraWulf (NASDAQ:WULF) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf (NASDAQ:WULF) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set a “market perform” rating on the stock.

WULF has been the topic of several other reports. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Northland Securities reissued an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a research note on Monday. Needham & Company LLC upped their price target 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, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research report on Sunday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Trading Down 5.7 %

Shares of TeraWulf stock opened at $6.13 on Wednesday. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30. The company’s fifty day simple moving average is $6.97 and its 200-day simple moving average is $5.48.

Institutional Trading of TeraWulf

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aspect Partners LLC bought a new position in shares of TeraWulf during the 3rd quarter valued at about $26,000. FMR LLC boosted its stake in 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 buying an additional 1,408 shares during the last quarter. Amalgamated Bank grew its holdings in 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. KBC Group NV bought a new stake in TeraWulf in the 3rd quarter worth approximately $39,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of TeraWulf during the 2nd quarter worth approximately $44,000. 62.49% of the stock is currently owned by institutional investors.

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.