TeraWulf (NASDAQ:WULF - Get Free Report) had its price objective cut by B. Riley from $4.00 to $3.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's price target points to a potential upside of 27.66% from the company's current price.
Other analysts have also issued reports about the stock. Compass Point cut their price target 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 restated an "overweight" rating and set a $4.00 price target on shares of TeraWulf in a research report on Thursday, March 28th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $3.55.
Check Out Our Latest Report on WULF
TeraWulf Stock Down 0.8 %
WULF traded down $0.02 during trading on Friday, reaching $2.35. The stock had a trading volume of 9,489,718 shares, compared to its average volume of 20,692,273. TeraWulf has a one year low of $0.88 and a one year high of $4.04. The business has a 50-day moving average of $2.11 and a 200-day moving average of $1.69.
Institutional Investors Weigh In On TeraWulf
A number of large investors have recently added to or reduced their stakes in WULF. California State Teachers Retirement System increased its holdings in TeraWulf by 202.0% in the 1st quarter. California State Teachers Retirement System now owns 26,137 shares of the company's stock valued at $25,000 after acquiring an additional 17,482 shares during the last quarter. Citigroup Inc. boosted its position in TeraWulf by 17,705.9% in the 2nd quarter. Citigroup Inc. now owns 15,135 shares of the company's stock valued at $26,000 after buying an additional 15,050 shares during the period. Apollon Wealth Management LLC purchased a new stake in TeraWulf in the 4th quarter valued at about $27,000. Partners Capital Investment Group LLP purchased a new stake in TeraWulf in the 4th quarter valued at about $29,000. Finally, Franklin Resources Inc. purchased a new stake in shares of TeraWulf in the 4th quarter worth approximately $29,000. Institutional investors own 62.49% of the company's stock.
TeraWulf Company Profile
(
Get Free Report)
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.
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