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

XML Financial LLC acquired a new position in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in TeraWulf by 12.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock worth $33,623,000 after buying an additional 820,354 shares during the last quarter. State Street Corp increased its stake in shares of TeraWulf by 3.8% in the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of TeraWulf during the second quarter worth $22,443,000. Charles Schwab Investment Management Inc. lifted its position in TeraWulf by 258.2% during 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 purchasing an additional 1,704,013 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in TeraWulf in the second quarter valued at $9,948,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WULF. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Northland Securities restated an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, B. Riley lifted 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 investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, TeraWulf presently has an average rating of “Buy” and an average target price of $8.64.

TeraWulf Stock Down 0.8 %

WULF opened at $6.18 on Friday. The firm’s fifty day simple moving average is $6.64 and its two-hundred day simple moving average is $5.55. TeraWulf Inc. has a 52-week low of $1.43 and a 52-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.