Van ECK Associates Corp Boosts Position in TeraWulf Inc. (NASDAQ:WULF)

Van ECK Associates Corp boosted its position in shares of TeraWulf Inc. (NASDAQ:WULF) by 74.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,763,831 shares of the company’s stock after acquiring an additional 2,028,383 shares during the quarter. Van ECK Associates Corp’s holdings in TeraWulf were worth $26,964,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Apollon Wealth Management LLC increased its position in TeraWulf by 20.5% during the fourth quarter. Apollon Wealth Management LLC now owns 26,612 shares of the company’s stock valued at $151,000 after acquiring an additional 4,529 shares during the last quarter. Sargent Investment Group LLC increased its position in TeraWulf by 8.4% during the fourth quarter. Sargent Investment Group LLC now owns 217,840 shares of the company’s stock valued at $1,133,000 after acquiring an additional 16,800 shares during the last quarter. Hodges Capital Management Inc. increased its position in TeraWulf by 100.0% during the fourth quarter. Hodges Capital Management Inc. now owns 20,000 shares of the company’s stock valued at $113,000 after acquiring an additional 10,000 shares during the last quarter. R Squared Ltd purchased a new stake in TeraWulf during the fourth quarter valued at $61,000. Finally, Perigon Wealth Management LLC purchased a new stake in TeraWulf during the fourth quarter valued at $59,000. Hedge funds and other institutional investors own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

WULF has been the subject of a number of research reports. Northland Securities reiterated an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a research report on Monday, January 13th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, B. Riley upped their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One research 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Down 0.4 %

NASDAQ WULF opened at $4.87 on Friday. The business has a 50-day moving average price of $5.93 and a 200-day moving average price of $5.52. TeraWulf Inc. has a twelve month low of $1.57 and a twelve month high of $9.30.

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.