Zweig DiMenna Associates LLC Increases Holdings in TeraWulf Inc. (NASDAQ:WULF)

Zweig DiMenna Associates LLC grew its holdings in shares of TeraWulf Inc. (NASDAQ:WULF) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,206,120 shares of the company’s stock after acquiring an additional 178,620 shares during the period. Zweig DiMenna Associates LLC owned about 0.57% of TeraWulf worth $12,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WULF. American Century Companies Inc. boosted its holdings in TeraWulf by 162.7% in the 2nd quarter. American Century Companies Inc. now owns 128,842 shares of the company’s stock worth $573,000 after buying an additional 79,799 shares during the period. Renaissance Technologies LLC bought a new position in TeraWulf in the 2nd quarter worth $1,618,000. Amalgamated Bank boosted its holdings in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after buying an additional 2,912 shares during the period. Sei Investments Co. boosted its holdings in TeraWulf by 501.5% in the 2nd quarter. Sei Investments Co. now owns 189,336 shares of the company’s stock worth $843,000 after buying an additional 157,860 shares during the period. Finally, Xponance Inc. bought a new position in TeraWulf in the 2nd quarter worth $65,000. Institutional investors own 62.49% of the company’s stock.

TeraWulf Stock Performance

Shares of NASDAQ WULF opened at $6.47 on Friday. The firm’s 50-day moving average price is $6.63 and its 200-day moving average price is $5.56. TeraWulf Inc. has a 12-month low of $1.43 and a 12-month high of $9.30.

Analyst Ratings Changes

WULF has been the subject of several research reports. B. Riley increased their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of TeraWulf in a report on Monday, January 13th. Stifel Canada downgraded shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Northland Securities reissued an “outperform” rating and set a $10.00 price objective on shares of TeraWulf in a report on Tuesday, December 24th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of TeraWulf in a report on Wednesday, January 8th. They set a “market perform” rating for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.