Avaii Wealth Management LLC Cuts Stock Position in TeraWulf Inc. (NASDAQ:WULF)

Avaii Wealth Management LLC cut its position in TeraWulf Inc. (NASDAQ:WULF) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,947 shares of the company’s stock after selling 5,183 shares during the period. Avaii Wealth Management LLC’s holdings in TeraWulf were worth $130,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. FMR LLC raised its stake 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 acquiring an additional 1,408 shares in the last quarter. Chesapeake Capital Corp IL increased its position in shares of 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 purchasing an additional 1,700 shares in the last quarter. ARS Investment Partners LLC lifted its holdings in shares of TeraWulf by 20.0% during the 4th quarter. ARS Investment Partners LLC now owns 12,000 shares of the company’s stock valued at $68,000 after purchasing an additional 2,000 shares during the last quarter. Amalgamated Bank boosted its position in shares of TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after purchasing an additional 2,912 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in TeraWulf by 13.3% during the 3rd quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after buying an additional 4,093 shares during the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a report on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of TeraWulf in a research note on Monday, January 6th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, 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 report on Thursday, December 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Up 2.3 %

Shares of WULF opened at $6.32 on Friday. The business’s 50-day moving average is $6.61 and its two-hundred day moving average is $5.57. TeraWulf Inc. has a fifty-two week low of $1.43 and a fifty-two week high of $9.30.

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.