Stifel Financial Corp Acquires Shares of 10,034 TeraWulf Inc. (NASDAQ:WULF)

Stifel Financial Corp bought a new stake in TeraWulf Inc. (NASDAQ:WULF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,034 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors have also modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in TeraWulf in the 2nd quarter valued at $22,443,000. Hood River Capital Management LLC acquired a new stake in shares of TeraWulf in the 2nd quarter worth $20,532,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of TeraWulf by 258.2% in 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 acquiring an additional 1,704,013 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of TeraWulf during the second quarter worth about $9,948,000. Finally, Duquesne Family Office LLC purchased a new position in TeraWulf during the second quarter worth about $9,301,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

TeraWulf Stock Down 3.8 %

NASDAQ:WULF opened at $5.32 on Tuesday. TeraWulf Inc. has a 52-week low of $1.24 and a 52-week high of $9.30. The stock has a fifty day simple moving average of $7.06 and a 200-day simple moving average of $5.41.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WULF. Needham & Company LLC boosted their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Securities reaffirmed an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday, December 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research report on Wednesday, December 4th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, December 5th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.