ARS Investment Partners LLC Has $68,000 Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

ARS Investment Partners LLC increased its position in TeraWulf Inc. (NASDAQ:WULF) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the company’s stock after buying an additional 2,000 shares during the quarter. ARS Investment Partners LLC’s holdings in TeraWulf were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of TeraWulf by 12.9% during the third quarter. Geode Capital Management LLC now owns 7,183,123 shares of the company’s stock valued at $33,623,000 after acquiring an additional 820,354 shares during the last quarter. State Street Corp raised its position in TeraWulf by 3.8% during the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after purchasing an additional 227,186 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in TeraWulf during the 2nd quarter worth about $22,443,000. Charles Schwab Investment Management Inc. grew its position in shares of TeraWulf by 258.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after buying an additional 1,704,013 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of TeraWulf in the second quarter valued at about $9,948,000. Institutional investors own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

WULF has been the topic of a number of recent analyst reports. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. Keefe, Bruyette & Woods assumed coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. Finally, Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, TeraWulf presently has an average rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Performance

Shares of WULF opened at $5.96 on Wednesday. The stock has a 50-day moving average of $6.72 and a 200-day moving average of $5.55. TeraWulf Inc. has a one year low of $1.29 and a one year high of $9.30.

About TeraWulf

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.