TeraWulf (NASDAQ:WULF) Given “Outperform” Rating at Northland Securities

TeraWulf (NASDAQ:WULF)‘s stock had its “outperform” rating reiterated by Northland Securities in a report issued on Tuesday,Benzinga reports. They currently have a $10.00 target price on the stock. Northland Securities’ price objective would indicate a potential upside of 60.51% from the stock’s previous close.

Several other analysts also recently issued reports on WULF. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price target on shares of TeraWulf in a research report on Wednesday, December 4th. Needham & Company LLC upped their target price on shares of TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a research note on Thursday, December 5th. B. Riley raised their target price on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Trading Up 7.2 %

Shares of NASDAQ:WULF opened at $6.23 on Tuesday. TeraWulf has a 52-week low of $1.24 and a 52-week high of $9.30. The business’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $5.36.

Institutional Trading of TeraWulf

Hedge funds have recently added to or reduced their stakes in the stock. Aspect Partners LLC bought a new position in shares of TeraWulf during the 3rd quarter valued at approximately $26,000. Amalgamated Bank lifted its stake 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 purchasing an additional 2,912 shares during the last quarter. FMR LLC grew its holdings 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 purchasing an additional 1,408 shares during the period. KBC Group NV purchased a new stake in TeraWulf in the third quarter worth $39,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of TeraWulf in the second quarter valued at $44,000. Institutional investors 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.