Zweig DiMenna Associates LLC increased its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,206,120 shares of the company's stock after buying an additional 178,620 shares during the quarter. Zweig DiMenna Associates LLC owned about 0.57% of TeraWulf worth $12,487,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. GoalVest Advisory LLC bought a new stake in TeraWulf in the 4th quarter worth about $651,000. SG Americas Securities LLC boosted its position in TeraWulf by 51.7% in the fourth quarter. SG Americas Securities LLC now owns 122,725 shares of the company's stock worth $695,000 after purchasing an additional 41,826 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in TeraWulf in the fourth quarter worth about $95,000. XML Financial LLC purchased a new position in TeraWulf in the fourth quarter worth about $85,000. Finally, ARS Investment Partners LLC boosted its position in TeraWulf by 20.0% in the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company's stock worth $68,000 after purchasing an additional 2,000 shares during the last quarter. 62.49% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
WULF has been the topic of several research reports. Stifel Canada cut TeraWulf from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, October 29th. Rosenblatt Securities reissued a "buy" rating and issued a $10.00 target price on shares of TeraWulf in a research report on Monday, January 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $11.00 target price on shares of TeraWulf in a research report on Monday, January 6th. B. Riley lifted their price objective on TeraWulf from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Atb Cap Markets raised TeraWulf to a "strong-buy" rating in a research report on Sunday, January 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $8.64.
Read Our Latest Report on TeraWulf
TeraWulf Stock Up 2.3 %
WULF traded up $0.14 on Friday, hitting $6.32. 56,713,861 shares of the company's stock traded hands, compared to its average volume of 39,090,367. The company's 50 day simple moving average is $6.63 and its 200-day simple moving average is $5.56. TeraWulf Inc. has a one year low of $1.43 and a one year high of $9.30.
TeraWulf Company Profile
(
Free Report)
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.
Further Reading
Before you consider TeraWulf, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TeraWulf wasn't on the list.
While TeraWulf currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
