Harbour Capital Advisors LLC Takes Position in TeraWulf Inc. (NASDAQ:WULF)

Harbour Capital Advisors LLC purchased a new stake in TeraWulf Inc. (NASDAQ:WULF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 150,030 shares of the company's stock, valued at approximately $933,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of TeraWulf by 22.0% in the 3rd quarter. FMR LLC now owns 7,803 shares of the company's stock valued at $37,000 after purchasing an additional 1,408 shares during the period. Chesapeake Capital Corp IL increased its holdings in TeraWulf by 6.6% in the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company's stock valued at $136,000 after purchasing an additional 1,700 shares during the last quarter. Amalgamated Bank lifted its stake in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company's stock valued at $35,000 after buying an additional 2,912 shares during the period. Victory Capital Management Inc. boosted its holdings in TeraWulf by 13.3% during the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company's stock worth $163,000 after buying an additional 4,093 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of TeraWulf by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company's stock worth $516,000 after buying an additional 4,756 shares during the period. 62.49% of the stock is currently owned by institutional investors and hedge funds.

TeraWulf Price Performance

NASDAQ WULF traded down $0.20 on Monday, reaching $5.20. The company had a trading volume of 30,026,542 shares, compared to its average volume of 33,179,809. The company's fifty day moving average is $6.89 and its 200-day moving average is $5.51. TeraWulf Inc. has a 1-year low of $1.24 and a 1-year high of $9.30.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WULF. Needham & Company LLC reiterated a "buy" rating and issued a $9.50 price target on shares of TeraWulf in a research report on Monday. Stifel Canada lowered shares of TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Rosenblatt Securities reissued a "buy" rating and set a $10.00 price target on shares of TeraWulf in a research report on Monday. B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. One research 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. Based on data from MarketBeat, TeraWulf presently has an average rating of "Buy" and an average price target of $8.64.

TeraWulf 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.