Harbour Capital Advisors LLC Makes New Investment in TeraWulf Inc. (NASDAQ:WULF)

Harbour Capital Advisors LLC bought a new position in shares of TeraWulf Inc. (NASDAQ:WULF) during the fourth quarter, Holdings Channel reports. The firm bought 150,030 shares of the company’s stock, valued at approximately $933,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in TeraWulf during the second quarter worth about $22,443,000. Hood River Capital Management LLC bought a new position in shares of TeraWulf during the 2nd quarter valued at approximately $20,532,000. Driehaus Capital Management LLC purchased a new stake in shares of TeraWulf during the 2nd quarter worth approximately $9,948,000. Duquesne Family Office LLC bought a new stake in shares of TeraWulf in the 2nd quarter worth approximately $9,301,000. Finally, Zweig DiMenna Associates LLC purchased a new position in TeraWulf in the third quarter valued at approximately $9,489,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

TeraWulf Stock Down 5.4 %

Shares of NASDAQ:WULF traded down $0.29 on Monday, reaching $5.11. 24,763,725 shares of the company traded hands, compared to its average volume of 32,265,842. The business’s 50-day simple moving average is $6.91 and its 200 day simple moving average is $5.50. TeraWulf Inc. has a 52 week low of $1.24 and a 52 week high of $9.30.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WULF. Needham & Company LLC restated a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research note on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price target on shares of TeraWulf in a report on Monday. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a research note on Wednesday, January 8th. They issued a “market perform” rating for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.64.

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.