TeraWulf (NASDAQ:WULF) Now Covered by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf (NASDAQ:WULF) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.

WULF has been the topic of a number of other research reports. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a report on Tuesday, December 24th. 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. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research note on Sunday. Finally, B. Riley boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Down 10.1 %

TeraWulf stock opened at $5.51 on Wednesday. The firm’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $5.48. TeraWulf has a 1-year low of $1.24 and a 1-year high of $9.30.

Institutional Investors Weigh In On TeraWulf

A number of institutional investors have recently made changes to their positions in the business. FMR LLC boosted 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 purchasing an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL boosted its stake in shares of TeraWulf by 6.6% in the 3rd quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock valued at $136,000 after purchasing an additional 1,700 shares in the last quarter. Amalgamated Bank boosted its stake in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of TeraWulf by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after purchasing an additional 4,093 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of TeraWulf by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock valued at $516,000 after purchasing an additional 4,756 shares in the last quarter. Hedge funds and other 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.