TeraWulf (NASDAQ:WULF) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of TeraWulf (NASDAQ:WULF) in a research report released on Monday morning,Benzinga reports. Rosenblatt Securities currently has a $10.00 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC boosted their price objective on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Northland Securities reissued an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research report on Wednesday, January 8th. They set a “market perform” rating on the stock. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. One 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’s stock. Based on data from MarketBeat, TeraWulf currently has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

TeraWulf stock opened at $5.20 on Monday. TeraWulf has a 12 month low of $1.24 and a 12 month high of $9.30. The stock has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $5.51.

Institutional Trading of TeraWulf

Several large investors have recently modified their holdings of WULF. Principal Financial Group Inc. raised its stake in shares of TeraWulf by 75.6% in the 2nd quarter. Principal Financial Group Inc. now owns 30,529 shares of the company’s stock valued at $136,000 after buying an additional 13,142 shares in the last quarter. Rhumbline Advisers raised its position in shares of TeraWulf by 66.8% in the 2nd quarter. Rhumbline Advisers now owns 299,545 shares of the company’s stock valued at $1,333,000 after acquiring an additional 119,911 shares during the period. Arizona State Retirement System acquired a new stake in shares of TeraWulf in the 2nd quarter valued at approximately $282,000. Headlands Technologies LLC acquired a new stake in TeraWulf during the 2nd quarter worth approximately $112,000. Finally, American Century Companies Inc. raised its holdings in TeraWulf by 162.7% during the 2nd quarter. American Century Companies Inc. now owns 128,842 shares of the company’s stock worth $573,000 after buying an additional 79,799 shares during the period. 62.49% of the stock is 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.