GoalVest Advisory LLC Acquires New Position in TeraWulf Inc. (NASDAQ:WULF)

GoalVest Advisory LLC purchased a new position in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 115,000 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WULF. Point72 Asset Management L.P. acquired a new position in shares of TeraWulf in the 2nd quarter valued at about $22,443,000. Driehaus Capital Management LLC acquired a new position in TeraWulf in the second quarter valued at approximately $9,948,000. Duquesne Family Office LLC acquired a new stake in shares of TeraWulf in the 2nd quarter worth about $9,301,000. Zweig DiMenna Associates LLC bought a new position in TeraWulf in the 3rd quarter valued at about $9,489,000. Finally, Charles Schwab Investment Management Inc. raised its position in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after acquiring an additional 1,704,013 shares in the last quarter. Hedge funds and other institutional investors own 62.49% of the company’s stock.

TeraWulf Trading Up 4.5 %

WULF opened at $6.23 on Thursday. TeraWulf Inc. has a twelve month low of $1.36 and a twelve month high of $9.30. The company’s 50-day moving average price is $6.67 and its two-hundred day moving average price is $5.55.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of TeraWulf in a report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $11.00 price objective on shares of TeraWulf in a research note on Monday, January 6th. B. Riley raised their target price on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a report on Sunday, January 5th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, TeraWulf has an average rating of “Buy” and an average target price of $8.64.

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.