Mount Yale Investment Advisors LLC Buys Shares of 14,030 TeraWulf Inc. (NASDAQ:WULF)

Mount Yale Investment Advisors LLC acquired a new stake in shares of TeraWulf Inc. (NASDAQ:WULF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,030 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KBC Group NV grew its position in TeraWulf by 49.3% in the 4th quarter. KBC Group NV now owns 12,349 shares of the company’s stock worth $70,000 after purchasing an additional 4,077 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of TeraWulf by 6.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,316,786 shares of the company’s stock worth $7,453,000 after acquiring an additional 83,008 shares during the period. Zweig DiMenna Associates LLC increased its position in TeraWulf by 8.8% during the fourth quarter. Zweig DiMenna Associates LLC now owns 2,206,120 shares of the company’s stock valued at $12,487,000 after acquiring an additional 178,620 shares during the last quarter. GoalVest Advisory LLC bought a new position in TeraWulf in the fourth quarter valued at about $651,000. Finally, SG Americas Securities LLC boosted its position in TeraWulf by 51.7% in the fourth quarter. SG Americas Securities LLC now owns 122,725 shares of the company’s stock worth $695,000 after purchasing an additional 41,826 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of TeraWulf stock opened at $4.73 on Thursday. TeraWulf Inc. has a 52 week low of $1.55 and a 52 week high of $9.30. The stock’s 50-day simple moving average is $6.50 and its 200-day simple moving average is $5.57.

Analyst Ratings Changes

Several equities research analysts have recently commented on WULF shares. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research report on Sunday, January 5th. Keefe, Bruyette & Woods started coverage on shares of TeraWulf in a research report on Wednesday, January 8th. They issued a “market perform” rating on the stock. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Rosenblatt Securities restated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research note on Monday, January 13th. Finally, B. Riley lifted their target price on TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.