The Manufacturers Life Insurance Company grew its position in shares of TeraWulf Inc. (NASDAQ:WULF – Free Report) by 60.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,319 shares of the company’s stock after purchasing an additional 33,058 shares during the period. The Manufacturers Life Insurance Company’s holdings in TeraWulf were worth $389,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of TeraWulf in the second quarter worth $22,443,000. Hood River Capital Management LLC acquired a new position in TeraWulf in the second quarter worth $20,532,000. Van ECK Associates Corp boosted its holdings in TeraWulf by 50.8% in the first quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock worth $17,708,000 after purchasing an additional 2,268,870 shares during the period. Duquesne Family Office LLC acquired a new position in TeraWulf in the second quarter worth $9,301,000. Finally, Vanguard Group Inc. boosted its holdings in TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock worth $30,830,000 after purchasing an additional 1,764,115 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.
TeraWulf Stock Up 12.8 %
Shares of TeraWulf stock opened at $5.20 on Thursday. The stock has a 50 day moving average price of $4.31 and a two-hundred day moving average price of $3.70. TeraWulf Inc. has a 12-month low of $0.89 and a 12-month high of $6.51.
Wall Street Analysts Forecast Growth
WULF has been the subject of several analyst reports. Needham & Company LLC began coverage on shares of TeraWulf in a report on Wednesday, September 4th. They set a “buy” rating and a $6.00 price target for the company. Stifel Canada upgraded TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, October 4th. Roth Capital raised TeraWulf to a “strong-buy” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $5.00 target price on shares of TeraWulf in a research note on Tuesday, October 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of TeraWulf in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $5.71.
View Our Latest Analysis on TeraWulf
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.
Featured Stories
- Five stocks we like better than TeraWulf
- Conference Calls and Individual Investors
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Roth IRA Calculator: Calculate Your Potential Returns
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- What Are Growth Stocks and Investing in Them
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Want to see what other hedge funds are holding WULF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TeraWulf Inc. (NASDAQ:WULF – Free Report).
Receive News & Ratings for TeraWulf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeraWulf and related companies with MarketBeat.com's FREE daily email newsletter.