Financial Advocates Investment Management Purchases New Shares in TeraWulf Inc. (NASDAQ:WULF)

Financial Advocates Investment Management acquired a new position in TeraWulf Inc. (NASDAQ:WULFFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 16,060 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently bought and sold shares of WULF. Apollon Wealth Management LLC acquired a new position in shares of TeraWulf during the 4th quarter worth approximately $27,000. Global Retirement Partners LLC acquired a new position in TeraWulf during the 4th quarter worth approximately $30,000. Regatta Capital Group LLC bought a new position in TeraWulf in the 4th quarter valued at approximately $31,000. HBW Advisory Services LLC acquired a new stake in TeraWulf in the fourth quarter valued at approximately $34,000. Finally, Delta Financial Group Inc. grew its stake in shares of TeraWulf by 83.3% during the fourth quarter. Delta Financial Group Inc. now owns 33,000 shares of the company’s stock worth $79,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on WULF shares. B. Riley dropped their price target on TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Rosenblatt Securities initiated coverage on TeraWulf in a research report on Tuesday, April 9th. They issued a “buy” rating and a $4.20 target price for the company. Compass Point lowered their price objective on TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $4.00 target price on shares of TeraWulf in a report on Thursday, March 28th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $3.66.

Get Our Latest Stock Analysis on WULF

TeraWulf Price Performance

WULF stock opened at $2.16 on Thursday. TeraWulf Inc. has a 1-year low of $0.89 and a 1-year high of $4.04. The stock has a 50-day moving average price of $2.24 and a 200-day moving average price of $1.93.

TeraWulf Profile

(Free Report)

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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Institutional Ownership by Quarter for TeraWulf (NASDAQ:WULF)

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