Hodges Capital Management Inc. Buys Shares of 10,000 TeraWulf Inc. (NASDAQ:WULF)

Hodges Capital Management Inc. purchased a new position in TeraWulf Inc. (NASDAQ:WULF) in the third quarter, Holdings Channel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds also recently made changes to their positions in the stock. Aspect Partners LLC purchased a new stake in TeraWulf during the 3rd quarter worth about $26,000. Amalgamated Bank grew its holdings in TeraWulf by 57.7% during the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock valued at $35,000 after buying an additional 2,912 shares in the last quarter. FMR LLC increased its position in shares of TeraWulf by 22.0% during 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 during the period. KBC Group NV purchased a new stake in shares of TeraWulf in the third quarter worth about $39,000. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of TeraWulf in the second quarter valued at approximately $44,000. 62.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WULF. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $11.00 target price on shares of TeraWulf in a report on Wednesday, December 4th. Northland Securities boosted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of TeraWulf in a research report on Thursday. Stifel Canada lowered TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, October 29th. Finally, Needham & Company LLC upped their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $8.07.

TeraWulf Price Performance

WULF opened at $8.12 on Monday. The business’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $4.94. TeraWulf Inc. has a 52 week low of $1.24 and a 52 week high of $9.30.

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.