Virtu Financial LLC Takes Position in TeraWulf Inc. (NASDAQ:WULF)

Virtu Financial LLC purchased a new position in TeraWulf Inc. (NASDAQ:WULF - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 92,672 shares of the company's stock, valued at approximately $434,000.

Other institutional investors have also modified their holdings of the company. Aspect Partners LLC acquired a new position in TeraWulf during the 3rd quarter worth $26,000. FMR LLC grew its position in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company's stock worth $37,000 after buying an additional 1,408 shares in the last quarter. Amalgamated Bank increased its stake in shares of TeraWulf by 57.7% during the second 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 period. KBC Group NV acquired a new stake in TeraWulf in the third quarter valued at approximately $39,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in TeraWulf during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 62.49% of the company's stock.

TeraWulf Stock Up 17.0 %

Shares of NASDAQ WULF traded up $1.20 during trading hours on Monday, reaching $8.24. The stock had a trading volume of 35,576,981 shares, compared to its average volume of 21,476,348. TeraWulf Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $9.30. The firm has a 50-day moving average of $6.62 and a 200-day moving average of $5.14.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $11.00 price objective on shares of TeraWulf in a report on Wednesday, December 4th. Northland Securities raised their price target on TeraWulf from $8.00 to $10.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. B. Riley reaffirmed a "buy" rating and set a $6.00 price objective on shares of TeraWulf in a research report on Monday, October 7th. Needham & Company LLC raised their target price on TeraWulf from $6.00 to $9.50 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Stifel Canada downgraded TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $8.07.

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.