Chesapeake Capital Corp IL Boosts Holdings in TeraWulf Inc. (NASDAQ:WULF)

Chesapeake Capital Corp IL raised its holdings in TeraWulf Inc. (NASDAQ:WULF) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,500 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Chesapeake Capital Corp IL’s holdings in TeraWulf were worth $136,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in TeraWulf by 57.7% in the second quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after purchasing an additional 2,912 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of TeraWulf by 13.3% in the third quarter. Victory Capital Management Inc. now owns 34,866 shares of the company’s stock worth $163,000 after acquiring an additional 4,093 shares during the period. Aspect Partners LLC acquired a new position in shares of TeraWulf in the third quarter worth about $26,000. Price T Rowe Associates Inc. MD raised its position in shares of TeraWulf by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,082 shares of the company’s stock worth $119,000 after acquiring an additional 6,450 shares during the period. Finally, Sippican Capital Advisors raised its position in shares of TeraWulf by 31.2% in the third quarter. Sippican Capital Advisors now owns 27,150 shares of the company’s stock worth $127,000 after acquiring an additional 6,450 shares during the period. 62.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WULF shares. B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of TeraWulf in a research report on Monday, October 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday, October 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $5.00 price objective on shares of TeraWulf in a research report on Tuesday, October 8th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, October 29th. Finally, Northland Securities upped their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $7.21.

TeraWulf Stock Performance

WULF opened at $7.18 on Monday. TeraWulf Inc. has a twelve month low of $1.01 and a twelve month high of $9.30. The company has a 50-day moving average price of $5.49 and a 200 day moving average price of $4.41.

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.