TeraWulf Inc. (NASDAQ:WULF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TeraWulf Inc. (NASDAQ:WULF) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.3077.

Several analysts have commented on WULF shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 price objective on shares of TeraWulf in a research report on Tuesday, November 11th. B. Riley Financial raised their price target on shares of TeraWulf from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Oppenheimer assumed coverage on shares of TeraWulf in a report on Tuesday, October 28th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a report on Monday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $21.00 target price on shares of TeraWulf in a research report on Tuesday, February 3rd.

Institutional Investors Weigh In On TeraWulf

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in TeraWulf by 37.4% during the fourth quarter. Vanguard Group Inc. now owns 33,643,009 shares of the company’s stock worth $386,558,000 after purchasing an additional 9,162,958 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of TeraWulf in the third quarter valued at approximately $69,006,000. Wellington Management Group LLP lifted its stake in shares of TeraWulf by 36,193.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,901,878 shares of the company’s stock valued at $44,559,000 after buying an additional 3,891,127 shares in the last quarter. Marshall Wace LLP boosted its holdings in TeraWulf by 574.2% in the 4th quarter. Marshall Wace LLP now owns 3,186,200 shares of the company’s stock worth $36,609,000 after buying an additional 2,713,587 shares during the period. Finally, Bank of America Corp DE grew its stake in TeraWulf by 22.2% in the 2nd quarter. Bank of America Corp DE now owns 14,392,299 shares of the company’s stock valued at $63,038,000 after buying an additional 2,617,617 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Trading Up 4.5%

Shares of TeraWulf stock opened at $15.68 on Tuesday. The firm has a market cap of $6.56 billion, a PE ratio of -11.04 and a beta of 3.69. TeraWulf has a 1 year low of $2.06 and a 1 year high of $17.69. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $13.73 and a 200-day moving average price of $12.60.

About TeraWulf

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.