Vontobel Holding Ltd. Boosts Holdings in TeraWulf Inc. (NASDAQ:WULF)

Vontobel Holding Ltd. lifted its stake in TeraWulf Inc. (NASDAQ:WULF) by 36.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 115,332 shares of the company’s stock after acquiring an additional 30,679 shares during the period. Vontobel Holding Ltd.’s holdings in TeraWulf were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WULF. Global Retirement Partners LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at $30,000. Regatta Capital Group LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at $31,000. HBW Advisory Services LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at $34,000. Arizona State Retirement System purchased a new position in shares of TeraWulf in the 3rd quarter valued at $38,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of TeraWulf in the 4th quarter valued at $48,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WULF shares. Compass Point decreased their price target on shares of TeraWulf from $4.50 to $3.50 and set a “buy” rating for the company in a research note on Thursday, March 21st. Rosenblatt Securities started coverage on shares of TeraWulf in a research note on Tuesday, April 9th. They set a “buy” rating and a $4.20 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $4.00 price target on shares of TeraWulf in a research note on Thursday, March 28th. Finally, B. Riley decreased their price target on shares of TeraWulf from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.66.

TeraWulf Stock Performance

WULF stock opened at $2.71 on Wednesday. TeraWulf Inc. has a one year low of $0.89 and a one year high of $4.04. The company has a fifty day moving average of $2.18 and a 200-day moving average of $1.77.

TeraWulf Company 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.