AQR Capital Management LLC lifted its stake in shares of TeraWulf Inc. (NASDAQ:WULF – Free Report) by 192.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 244,816 shares of the company’s stock after acquiring an additional 161,061 shares during the period. AQR Capital Management LLC’s holdings in TeraWulf were worth $1,089,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of WULF. Point72 Asset Management L.P. acquired a new position in TeraWulf during the second quarter worth approximately $22,443,000. Hood River Capital Management LLC purchased a new position in shares of TeraWulf in the 2nd quarter worth $20,532,000. Van ECK Associates Corp boosted its holdings in TeraWulf by 50.8% in the first quarter. Van ECK Associates Corp now owns 6,733,179 shares of the company’s stock valued at $17,708,000 after acquiring an additional 2,268,870 shares during the last quarter. Vanguard Group Inc. boosted its holdings in TeraWulf by 17.7% in the first quarter. Vanguard Group Inc. now owns 11,722,320 shares of the company’s stock valued at $30,830,000 after acquiring an additional 1,764,115 shares during the last quarter. Finally, GM Advisory Group LLC grew its position in TeraWulf by 179.5% during the second quarter. GM Advisory Group LLC now owns 1,876,671 shares of the company’s stock valued at $8,351,000 after acquiring an additional 1,205,187 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.
TeraWulf Price Performance
Shares of NASDAQ:WULF opened at $4.21 on Friday. The company’s fifty day moving average is $4.24 and its two-hundred day moving average is $3.64. TeraWulf Inc. has a 12-month low of $0.89 and a 12-month high of $6.51.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on WULF shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $5.00 price objective on shares of TeraWulf in a research note on Tuesday. B. Riley reaffirmed a “buy” rating and set a $6.00 price target on shares of TeraWulf in a research report on Monday, October 7th. Stifel Canada raised shares of TeraWulf from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, October 4th. Roth Mkm restated a “buy” rating and set a $6.50 target price on shares of TeraWulf in a report on Monday, July 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TeraWulf has a consensus rating of “Buy” and a consensus price target of $5.71.
Read Our Latest Analysis on TeraWulf
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.
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