Zweig DiMenna Associates LLC Buys 178,620 Shares of TeraWulf Inc. (NASDAQ:WULF)

Zweig DiMenna Associates LLC grew its stake in TeraWulf Inc. (NASDAQ:WULF) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,206,120 shares of the company’s stock after acquiring an additional 178,620 shares during the period. Zweig DiMenna Associates LLC’s holdings in TeraWulf were worth $12,487,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GoalVest Advisory LLC bought a new position in TeraWulf in the 4th quarter worth about $651,000. SG Americas Securities LLC grew its stake in TeraWulf by 51.7% in the 4th quarter. SG Americas Securities LLC now owns 122,725 shares of the company’s stock worth $695,000 after acquiring an additional 41,826 shares in the last quarter. Evolution Wealth Advisors LLC bought a new position in TeraWulf in the 4th quarter worth about $95,000. XML Financial LLC bought a new position in shares of TeraWulf during the fourth quarter valued at approximately $85,000. Finally, ARS Investment Partners LLC boosted its stake in shares of TeraWulf by 20.0% during the fourth 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 in the last quarter. 62.49% of the stock is currently owned by institutional investors.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $6.47 on Friday. The firm has a fifty day moving average price of $6.63 and a 200 day moving average price of $5.56. TeraWulf Inc. has a 1 year low of $1.43 and a 1 year high of $9.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WULF shares. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Northland Securities restated an “outperform” rating and issued a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a “market perform” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a research note on Monday, January 6th. Finally, Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. One equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $8.64.

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.