Shares of TeraWulf Inc. (NASDAQ:WULF - Get Free Report) fell 3.8% during trading on Monday after B. Riley lowered their price target on the stock from $4.00 to $3.00. B. Riley currently has a buy rating on the stock. TeraWulf traded as low as $2.20 and last traded at $2.26. 8,717,802 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 20,503,146 shares. The stock had previously closed at $2.35.
Other analysts have also issued reports about the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $4.00 price target on shares of TeraWulf in a research note on Thursday, March 28th. Compass Point reduced their price target on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Thursday, March 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, TeraWulf currently has a consensus rating of "Buy" and an average target price of $3.55.
Check Out Our Latest Report on WULF
Hedge Funds Weigh In On TeraWulf
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of TeraWulf by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,958,205 shares of the company's stock worth $23,900,000 after buying an additional 81,033 shares during the last quarter. Vima LLC purchased a new position in TeraWulf during the fourth quarter valued at approximately $346,000. American International Group Inc. lifted its holdings in TeraWulf by 8.8% during the fourth quarter. American International Group Inc. now owns 73,588 shares of the company's stock valued at $177,000 after purchasing an additional 5,952 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in TeraWulf by 30.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,632 shares of the company's stock valued at $93,000 after purchasing an additional 9,090 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in TeraWulf during the fourth quarter valued at approximately $491,000. Hedge funds and other institutional investors own 62.49% of the company's stock.
TeraWulf Trading Down 5.1 %
The firm's fifty day simple moving average is $2.11 and its two-hundred day simple moving average is $1.69.
About TeraWulf
(
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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