TeraWulf Inc. (NASDAQ:WULF) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC increased its position in TeraWulf Inc. (NASDAQ:WULFFree Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,237,912 shares of the company’s stock after buying an additional 39,617 shares during the period. GM Advisory Group LLC owned about 0.51% of TeraWulf worth $2,971,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC acquired a new position in TeraWulf in the 4th quarter valued at $27,000. Global Retirement Partners LLC purchased a new position in TeraWulf during the fourth quarter worth about $30,000. Regatta Capital Group LLC acquired a new stake in TeraWulf in the 4th quarter worth about $31,000. HBW Advisory Services LLC purchased a new stake in TeraWulf in the 4th quarter valued at about $34,000. Finally, Delta Financial Group Inc. grew its holdings in TeraWulf by 83.3% in the 4th quarter. Delta Financial Group Inc. now owns 33,000 shares of the company’s stock valued at $79,000 after buying an additional 15,000 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Down 4.4 %

NASDAQ WULF traded down $0.10 during trading hours on Friday, hitting $2.18. The company had a trading volume of 20,567,046 shares, compared to its average volume of 12,547,478. The firm’s 50 day moving average is $2.26 and its 200 day moving average is $1.99. TeraWulf Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $4.04.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Compass Point lowered their target price on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a report on Thursday, March 21st. B. Riley dropped their price objective on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, April 5th. Rosenblatt Securities began coverage on TeraWulf in a report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 target price on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $4.00 price target on shares of TeraWulf in a research report on Thursday, March 28th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, TeraWulf has a consensus rating of “Buy” and an average target price of $3.66.

Read Our Latest Analysis on TeraWulf

About TeraWulf

(Free Report)

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.

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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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