Vontobel Holding Ltd. Purchases 12,172 Shares of TeraWulf Inc. (NASDAQ:WULF)

Vontobel Holding Ltd. raised its stake in shares of TeraWulf Inc. (NASDAQ:WULF) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,784 shares of the company’s stock after purchasing an additional 12,172 shares during the period. Vontobel Holding Ltd.’s holdings in TeraWulf were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WULF. CWM LLC raised its position in TeraWulf by 648.4% during the third quarter. CWM LLC now owns 17,850 shares of the company’s stock valued at $84,000 after purchasing an additional 15,465 shares during the period. Creative Planning purchased a new stake in TeraWulf during the third quarter valued at approximately $54,000. Zweig DiMenna Associates LLC purchased a new stake in TeraWulf during the third quarter valued at approximately $9,489,000. Wealth Enhancement Advisory Services LLC raised its position in TeraWulf by 43.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock valued at $3,073,000 after purchasing an additional 199,345 shares during the period. Finally, JFS Wealth Advisors LLC raised its position in TeraWulf by 28.6% during the third quarter. JFS Wealth Advisors LLC now owns 45,000 shares of the company’s stock valued at $211,000 after purchasing an additional 10,000 shares during the period. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. B. Riley increased their price target on TeraWulf from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Northland Securities reiterated an “outperform” rating and issued a $10.00 price target on shares of TeraWulf in a report on Tuesday, December 24th. One 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 company. According to data from MarketBeat, TeraWulf currently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Stock Performance

WULF opened at $4.08 on Friday. The stock’s fifty day moving average is $5.61 and its two-hundred day moving average is $5.55. TeraWulf Inc. has a 52 week low of $1.57 and a 52 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.