Brokerages Set TeraWulf Inc. (NASDAQ:WULF) PT at $3.66

Shares of TeraWulf Inc. (NASDAQ:WULF) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $3.66.

WULF has been the topic of several research analyst reports. Rosenblatt Securities started coverage on TeraWulf in a research report on Tuesday, April 9th. They set a “buy” rating and a $4.20 target price on the stock. Compass Point reduced their price objective on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research report on Thursday, March 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $4.00 target price on shares of TeraWulf in a research report on Thursday, March 28th. Finally, B. Riley reduced their price target on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, April 5th.

Hedge Funds Weigh In On TeraWulf

Several institutional investors have recently added to or reduced their stakes in the stock. GSG Advisors LLC purchased a new position in TeraWulf in the first quarter valued at approximately $237,000. Vanguard Group Inc. raised its stake in TeraWulf by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,958,205 shares of the company’s stock valued at $23,900,000 after acquiring an additional 81,033 shares during the period. Vima LLC purchased a new position in shares of TeraWulf in the fourth quarter worth about $346,000. American International Group Inc. lifted its stake in shares of TeraWulf by 8.8% during the 4th quarter. American International Group Inc. now owns 73,588 shares of the company’s stock valued at $177,000 after buying an additional 5,952 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in TeraWulf by 30.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,632 shares of the company’s stock worth $93,000 after buying an additional 9,090 shares during the period. Institutional investors own 62.49% of the company’s stock.

TeraWulf Price Performance

NASDAQ:WULF opened at $1.94 on Friday. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $4.04. The company has a 50 day simple moving average of $2.16 and a two-hundred day simple moving average of $1.72.

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.