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

Hodges Capital Management Inc. raised its position in TeraWulf Inc. (NASDAQ:WULF) by 100.0% during the 4th quarter, according to the company in its most recent 13F 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 quarter. Hodges Capital Management Inc.’s holdings in TeraWulf were worth $113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in TeraWulf by 258.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,363,951 shares of the company’s stock valued at $11,063,000 after acquiring an additional 1,704,013 shares during the last quarter. State Street Corp boosted its holdings in shares of TeraWulf by 3.8% in the 3rd quarter. State Street Corp now owns 6,283,196 shares of the company’s stock valued at $29,405,000 after purchasing an additional 227,186 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of TeraWulf in the 4th quarter valued at $651,000. Intech Investment Management LLC acquired a new position in shares of TeraWulf during the 3rd quarter worth $340,000. Finally, Barclays PLC raised its holdings in shares of TeraWulf by 419.7% during the 3rd quarter. Barclays PLC now owns 424,748 shares of the company’s stock worth $1,989,000 after buying an additional 343,016 shares in the last quarter. 62.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WULF shares. B. Riley lifted their price target on shares of TeraWulf from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Atb Cap Markets raised TeraWulf to a “strong-buy” rating in a research note on Sunday, January 5th. Keefe, Bruyette & Woods initiated coverage on TeraWulf in a research note on Wednesday, January 8th. They issued a “market perform” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $10.00 target price on shares of TeraWulf in a report on Monday, January 13th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $10.00 price target on shares of TeraWulf in a research note on Tuesday, December 24th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $8.64.

TeraWulf Stock Performance

WULF stock opened at $5.01 on Tuesday. The company’s fifty day simple moving average is $6.36 and its 200 day simple moving average is $5.54. TeraWulf Inc. has a 12-month low of $1.55 and a 12-month 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.