Amalgamated Bank raised its stake in TeraWulf Inc. (NASDAQ:WULF – Free Report) by 57.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 7,963 shares of the company’s stock after buying an additional 2,912 shares during the quarter. Amalgamated Bank’s holdings in TeraWulf were worth $35,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after acquiring an additional 6,450 shares in the last quarter. ARS Investment Partners LLC acquired a new stake in TeraWulf in the second quarter worth about $44,000. Pekin Hardy Strauss Inc. acquired a new stake in TeraWulf in the second quarter worth about $44,000. Miracle Mile Advisors LLC acquired a new stake in TeraWulf in the first quarter worth about $29,000. Finally, Delta Financial Group Inc. boosted its holdings in TeraWulf by 33.6% in the first quarter. Delta Financial Group Inc. now owns 44,100 shares of the company’s stock worth $116,000 after acquiring an additional 11,100 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.
TeraWulf Stock Performance
TeraWulf stock opened at $4.33 on Wednesday. TeraWulf Inc. has a 12 month low of $0.89 and a 12 month high of $6.51. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $3.55.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Needham & Company LLC assumed coverage on TeraWulf in a report on Wednesday, September 4th. They issued a “buy” rating and a $6.00 price target for the company. Roth Capital raised TeraWulf to a “strong-buy” rating in a report on Tuesday, July 2nd. Rosenblatt Securities lifted their target price on TeraWulf from $4.20 to $5.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of TeraWulf in a report on Monday, August 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $6.50 target price on shares of TeraWulf in a report on Monday, July 8th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TeraWulf currently has a consensus rating of “Buy” and a consensus price target of $5.71.
Read Our Latest Report on WULF
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.
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