Evolution Wealth Advisors LLC Makes New Investment in TeraWulf Inc. (NASDAQ:WULF)

Evolution Wealth Advisors LLC acquired a new stake in TeraWulf Inc. (NASDAQ:WULF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,870 shares of the company’s stock, valued at approximately $95,000.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in TeraWulf by 258.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock worth $11,063,000 after buying an additional 1,704,013 shares during the period. State Street Corp increased its position in TeraWulf by 3.8% during the third quarter. State Street Corp now owns 6,283,196 shares of the company’s stock worth $29,405,000 after acquiring an additional 227,186 shares during the period. Intech Investment Management LLC acquired a new stake in TeraWulf in the 3rd quarter worth about $340,000. Barclays PLC boosted its holdings in TeraWulf by 419.7% in the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock valued at $1,989,000 after purchasing an additional 343,016 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of TeraWulf by 43.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 656,520 shares of the company’s stock worth $3,073,000 after purchasing an additional 199,345 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Atb Cap Markets upgraded TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Stifel Canada downgraded TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.50 price target on shares of TeraWulf in a research note on Monday, January 13th. B. Riley raised their target price on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of TeraWulf in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $8.64.

TeraWulf Trading Up 4.5 %

WULF stock opened at $6.23 on Thursday. The company has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $5.55. TeraWulf Inc. has a 1 year low of $1.36 and a 1 year high of $9.30.

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.