ARS Investment Partners LLC Has $68,000 Stock Position in TeraWulf Inc. (NASDAQ:WULF)

ARS Investment Partners LLC increased its holdings in TeraWulf Inc. (NASDAQ:WULF) by 20.0% during the fourth quarter, HoldingsChannel reports. The fund owned 12,000 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. ARS Investment Partners LLC’s holdings in TeraWulf were worth $68,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Aspect Partners LLC bought a new stake in TeraWulf during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton purchased a new position in shares of TeraWulf during the fourth quarter valued at approximately $32,000. FMR LLC grew its holdings in TeraWulf by 22.0% during the third quarter. FMR LLC now owns 7,803 shares of the company’s stock worth $37,000 after buying an additional 1,408 shares in the last quarter. Amalgamated Bank raised its position in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares during the last quarter. Finally, KBC Group NV bought a new position in TeraWulf during the 3rd quarter valued at $39,000. Institutional investors own 62.49% of the company’s stock.

TeraWulf Trading Down 6.9 %

TeraWulf stock opened at $5.96 on Wednesday. The business’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $5.55. TeraWulf Inc. has a 12 month low of $1.29 and a 12 month high of $9.30.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price objective on shares of TeraWulf in a research report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 target price on shares of TeraWulf in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $11.00 target price on shares of TeraWulf in a report on Monday, January 6th. Finally, B. Riley increased their price target on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.