Shares of TeraWulf Inc. (NASDAQ:WULF – Get Free Report) traded down 2.3% during trading on Tuesday . The company traded as low as $2.42 and last traded at $2.51. 7,669,003 shares were traded during mid-day trading, a decline of 63% from the average session volume of 20,844,775 shares. The stock had previously closed at $2.57.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $4.00 price objective on shares of TeraWulf in a research note on Wednesday, March 20th. Compass Point lowered their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $3.75.
Read Our Latest Analysis on WULF
TeraWulf Trading Up 9.8 %
Hedge Funds Weigh In On TeraWulf
A number of large investors have recently modified their holdings of WULF. Advisor Group Holdings Inc. lifted its stake in TeraWulf by 2,542.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company’s stock valued at $31,000 after acquiring an additional 3,560 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of TeraWulf during the 1st quarter valued at about $524,000. Bank of New York Mellon Corp bought a new stake in shares of TeraWulf during the 1st quarter valued at about $86,000. HighTower Advisors LLC boosted its position 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 during the last quarter. Finally, Citigroup Inc. bought a new stake in shares of TeraWulf during the 1st quarter valued at about $985,000. 62.49% of the stock is currently owned by institutional investors.
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.
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