Apollon Wealth Management LLC Purchases 4,529 Shares of TeraWulf Inc. (NASDAQ:WULF)

Apollon Wealth Management LLC lifted its holdings in TeraWulf Inc. (NASDAQ:WULF) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,612 shares of the company’s stock after purchasing an additional 4,529 shares during the quarter. Apollon Wealth Management LLC’s holdings in TeraWulf were worth $151,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new stake in TeraWulf during the 4th quarter worth about $32,000. FMR LLC increased its holdings in TeraWulf by 22.0% in the 3rd 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 period. KBC Group NV acquired a new position in TeraWulf during the third quarter valued at $39,000. Hodges Capital Management Inc. acquired a new position in TeraWulf during the third quarter valued at $47,000. Finally, Stifel Financial Corp acquired a new stake in TeraWulf during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Canada cut TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. Northland Securities reiterated an “outperform” rating and issued a $10.00 price objective on shares of TeraWulf in a research report 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 on the stock. Finally, Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, TeraWulf has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Trading Down 0.4 %

TeraWulf stock opened at $4.87 on Friday. The firm has a 50 day moving average price of $5.87 and a 200 day moving average price of $5.54. TeraWulf Inc. has a fifty-two week low of $1.57 and a fifty-two week high of $9.30.

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.