Evolution Wealth Advisors LLC Takes $95,000 Position in TeraWulf Inc. (NASDAQ:WULF)

Evolution Wealth Advisors LLC acquired a new position in TeraWulf Inc. (NASDAQ:WULF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,870 shares of the company’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aspect Partners LLC bought a new position in shares of TeraWulf in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton acquired a new position in TeraWulf in the fourth quarter valued at about $32,000. FMR LLC boosted its holdings in TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after buying an additional 1,408 shares during the last quarter. Amalgamated Bank grew its position in shares of TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares during the period. Finally, KBC Group NV bought a new stake in shares of TeraWulf in the 3rd quarter valued at about $39,000. 62.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WULF has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. One investment 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 stock. According to MarketBeat, TeraWulf currently has a consensus rating of “Buy” and an average price target of $8.64.

TeraWulf Trading Up 4.5 %

NASDAQ WULF opened at $6.23 on Thursday. TeraWulf Inc. has a 12-month low of $1.36 and a 12-month high of $9.30. The firm’s 50 day moving average is $6.67 and its 200-day moving average is $5.55.

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.