TeraWulf (NASDAQ:WULF) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of TeraWulf (NASDAQ:WULF - Free Report) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $4.20 target price on the stock.

Several other equities research analysts also recently commented on WULF. Compass Point reduced their target price on TeraWulf from $4.50 to $3.50 and set a buy rating for the company in a report on Thursday, March 21st. Cantor Fitzgerald reaffirmed an overweight rating and set a $4.00 price objective on shares of TeraWulf in a research note on Thursday, March 28th. Finally, B. Riley decreased their target price on shares of TeraWulf from $4.00 to $3.00 and set a buy rating for the company in a report on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $3.66.

TeraWulf Price Performance

Shares of NASDAQ:WULF traded down $0.01 on Tuesday, reaching $2.22. 13,525,000 shares of the company traded hands, compared to its average volume of 20,743,615. The company's 50 day moving average is $2.13 and its 200-day moving average is $1.70. TeraWulf has a fifty-two week low of $0.89 and a fifty-two week high of $4.04.

Institutional Investors Weigh In On TeraWulf

Institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its holdings in shares of TeraWulf by 2,542.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company's stock valued at $31,000 after purchasing an additional 3,560 shares during the period. JPMorgan Chase & Co. purchased a new stake in TeraWulf in the 1st quarter worth approximately $524,000. Bank of New York Mellon Corp acquired a new stake in shares of TeraWulf during the 1st quarter valued at $86,000. HighTower Advisors LLC grew its holdings in shares of TeraWulf by 7.0% during the 1st quarter. HighTower Advisors LLC now owns 73,905 shares of the company's stock valued at $621,000 after acquiring an additional 4,867 shares in the last quarter. Finally, Citigroup Inc. purchased a new position in shares of TeraWulf during the 1st quarter valued at $985,000. 62.49% of the stock is currently owned by institutional investors and hedge funds.

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.