Hodges Capital Management Inc. Has $113,000 Stock Holdings in TeraWulf Inc. (NASDAQ:WULF)

Hodges Capital Management Inc. grew its position in TeraWulf Inc. (NASDAQ:WULF) by 100.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Hodges Capital Management Inc.’s holdings in TeraWulf were worth $113,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WULF. Aspect Partners LLC bought a new position in shares of TeraWulf during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton bought a new position in TeraWulf in the fourth quarter valued at approximately $32,000. FMR LLC lifted its stake in TeraWulf by 22.0% in the third quarter. FMR LLC now owns 7,803 shares of the company’s stock valued at $37,000 after buying an additional 1,408 shares in the last quarter. KBC Group NV bought a new stake in shares of TeraWulf during the third quarter worth $39,000. Finally, Stifel Financial Corp bought a new stake in shares of TeraWulf during the third quarter worth $47,000. Institutional investors and hedge funds own 62.49% of the company’s stock.

Wall Street Analyst Weigh In

WULF has been the subject of a number of research analyst reports. Atb Cap Markets raised shares of TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 price objective on shares of TeraWulf in a research report on Monday, January 6th. 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. Keefe, Bruyette & Woods began coverage on TeraWulf in a research report on Wednesday, January 8th. They set a “market perform” rating for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $8.64.

TeraWulf Price Performance

NASDAQ:WULF opened at $5.01 on Tuesday. The firm has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $5.54. TeraWulf Inc. has a 1-year low of $1.55 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.