244,999 Shares in TeraWulf Inc. (NASDAQ:WULF) Purchased by Financial Enhancement Group LLC

Financial Enhancement Group LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 244,999 shares of the company’s stock, valued at approximately $1,274,000.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its holdings 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 purchasing an additional 1,408 shares during the last quarter. Chesapeake Capital Corp IL lifted its position in TeraWulf by 6.6% during the third quarter. Chesapeake Capital Corp IL now owns 27,500 shares of the company’s stock worth $136,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank boosted its stake in 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 last quarter. Victory Capital Management Inc. grew its holdings in TeraWulf by 13.3% in the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock valued at $163,000 after buying an additional 4,093 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of TeraWulf by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,251 shares of the company’s stock worth $516,000 after acquiring an additional 4,756 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Trading Up 11.0 %

WULF stock opened at $6.18 on Thursday. The business’s fifty day moving average price is $6.88 and its 200 day moving average price is $5.52. TeraWulf Inc. has a 12-month low of $1.24 and a 12-month high of $9.30.

Analyst Upgrades and Downgrades

WULF has been the topic of several recent research reports. Northland Securities reissued an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research report on Tuesday, December 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.50 price target on shares of TeraWulf in a research report on Monday. Keefe, Bruyette & Woods started coverage on TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating for the company. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, B. Riley increased their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.64.

About TeraWulf

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.