XML Financial LLC Acquires Shares of 15,000 TeraWulf Inc. (NASDAQ:WULF)

XML Financial LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the 4th quarter, HoldingsChannel reports. The fund bought 15,000 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WULF. ARS Investment Partners LLC boosted its stake in TeraWulf by 20.0% during the fourth quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock worth $68,000 after buying an additional 2,000 shares during the last quarter. Lionsbridge Wealth Management LLC acquired a new position in shares of TeraWulf during the 4th quarter valued at about $194,000. Financial Enhancement Group LLC purchased a new stake in shares of TeraWulf in the fourth quarter valued at about $1,274,000. Rosenberg Matthew Hamilton acquired a new stake in TeraWulf during the fourth quarter worth about $32,000. Finally, Harbour Capital Advisors LLC acquired a new position in TeraWulf in the 4th quarter valued at about $933,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a research report on Monday, January 13th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research report on Monday, January 6th. Finally, B. Riley upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $8.64.

TeraWulf Stock Down 0.8 %

Shares of WULF opened at $6.18 on Friday. TeraWulf Inc. has a fifty-two week low of $1.43 and a fifty-two week high of $9.30. The firm’s 50 day moving average price is $6.64 and its 200 day moving average price is $5.55.

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.