Financial Enhancement Group LLC Acquires Shares of 244,999 TeraWulf Inc. (NASDAQ:WULF)

Financial Enhancement Group LLC bought a new position in TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 244,999 shares of the company’s stock, valued at approximately $1,274,000. Financial Enhancement Group LLC owned about 0.06% of TeraWulf as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WULF. Charles Schwab Investment Management Inc. lifted its holdings in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the period. State Street Corp lifted its stake in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after purchasing an additional 227,186 shares during the period. Intech Investment Management LLC acquired a new position in shares of TeraWulf in the 3rd quarter valued at $340,000. Barclays PLC boosted its holdings in TeraWulf by 419.7% during the third quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after buying an additional 343,016 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in TeraWulf during the second quarter valued at $1,095,000. 62.49% of the stock is owned by institutional investors and hedge funds.

TeraWulf Stock Up 11.0 %

Shares of NASDAQ:WULF opened at $6.18 on Thursday. TeraWulf Inc. has a 1 year low of $1.24 and a 1 year high of $9.30. The business’s 50 day moving average price is $6.88 and its 200-day moving average price is $5.52.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Atb Cap Markets upgraded shares of 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 report on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a report on Monday, January 6th. Keefe, Bruyette & Woods assumed coverage on TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating for the company. Finally, B. Riley increased their target price on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $8.64.

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.