Financial Enhancement Group LLC Acquires Shares of 244,999 TeraWulf Inc. (NASDAQ:WULF)

Financial Enhancement Group LLC purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 244,999 shares of the company's stock, valued at approximately $1,274,000. Financial Enhancement Group LLC owned approximately 0.06% of TeraWulf as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new position in TeraWulf during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton purchased a new stake in shares of TeraWulf during the 4th quarter worth approximately $32,000. FMR LLC lifted its position in shares of TeraWulf by 22.0% during the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after buying an additional 1,408 shares during the last quarter. Amalgamated Bank lifted its position in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company's stock worth $35,000 after buying an additional 2,912 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of TeraWulf during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Performance

WULF traded down $0.33 during trading on Thursday, hitting $5.85. The stock had a trading volume of 33,549,395 shares, compared to its average volume of 34,423,871. The company's 50-day moving average price is $6.85 and its 200 day moving average price is $5.52. TeraWulf Inc. has a twelve month low of $1.24 and a twelve month high of $9.30.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WULF shares. B. Riley boosted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Cantor Fitzgerald restated an "overweight" rating and set a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Atb Cap Markets upgraded shares of TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. Northland Securities reiterated an "outperform" rating and issued a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $10.00 price target on shares of TeraWulf in a research report on Monday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TeraWulf has an average rating of "Buy" and an average price target of $8.64.

TeraWulf Company Profile

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.