Exchange Traded Concepts LLC Raises Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Exchange Traded Concepts LLC lifted its holdings in TeraWulf Inc. (NASDAQ:WULF) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,316,786 shares of the company’s stock after purchasing an additional 83,008 shares during the quarter. Exchange Traded Concepts LLC’s holdings in TeraWulf were worth $7,453,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aspect Partners LLC purchased a new position in shares of TeraWulf in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton purchased a new stake in shares of TeraWulf during the 4th quarter valued at about $32,000. FMR LLC lifted its holdings 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 acquiring an additional 1,408 shares during the last quarter. Amalgamated Bank grew its position in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after acquiring an additional 2,912 shares in the last quarter. Finally, KBC Group NV purchased a new stake in TeraWulf during the third quarter valued at approximately $39,000. Institutional investors own 62.49% of the company’s stock.

TeraWulf Trading Up 2.3 %

Shares of NASDAQ WULF opened at $6.32 on Friday. The stock has a 50 day moving average price of $6.63 and a 200 day moving average price of $5.56. TeraWulf Inc. has a 52-week low of $1.43 and a 52-week high of $9.30.

Wall Street Analyst Weigh In

WULF has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $9.50 target price on shares of TeraWulf in a report on Monday, January 13th. B. Riley boosted 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. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a “market perform” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a report on Monday, January 6th. Finally, Northland Securities reissued an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus 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.