Lionsbridge Wealth Management LLC Buys Shares of 34,304 TeraWulf Inc. (NASDAQ:WULF)

Lionsbridge Wealth Management LLC bought a new stake in TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,304 shares of the company’s stock, valued at approximately $194,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WULF. Aspect Partners LLC bought a new stake in shares of TeraWulf during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton bought a new stake in TeraWulf during the 4th quarter worth $32,000. Amalgamated Bank raised its position in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the last quarter. FMR LLC boosted its stake in shares of TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after purchasing an additional 1,408 shares in the last quarter. Finally, KBC Group NV bought a new stake in shares of TeraWulf during the third quarter worth about $39,000. Institutional investors own 62.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WULF. Keefe, Bruyette & Woods began coverage on shares of TeraWulf in a report on Wednesday, January 8th. They issued a “market perform” rating for the company. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Rosenblatt Securities restated a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research note on Monday, January 13th. Finally, Northland Securities reissued an “outperform” rating and set a $10.00 target price on shares of TeraWulf in a research note on Tuesday, December 24th. One research 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. Based on data from MarketBeat.com, TeraWulf has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Performance

Shares of WULF opened at $6.40 on Monday. TeraWulf Inc. has a one year low of $1.24 and a one year high of $9.30. The stock has a 50-day moving average of $6.76 and a 200-day moving average of $5.54.

TeraWulf Company 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.