Mirae Asset Global Investments Co. Ltd. Acquires 1,372,195 Shares of TeraWulf Inc. (NASDAQ:WULF)

Mirae Asset Global Investments Co. Ltd. raised its holdings in TeraWulf Inc. (NASDAQ:WULF - Free Report) by 126.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,457,169 shares of the company's stock after buying an additional 1,372,195 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 1.02% of TeraWulf worth $5,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in TeraWulf by 5,028.0% in the first quarter. Vanguard Group Inc. now owns 2,248,383 shares of the company's stock worth $18,886,000 after acquiring an additional 2,204,538 shares during the period. BlackRock Inc. lifted its holdings in TeraWulf by 107.0% during the first quarter. BlackRock Inc. now owns 3,603,712 shares of the company's stock valued at $3,380,000 after purchasing an additional 1,863,027 shares during the last quarter. Geode Capital Management LLC boosted its position in TeraWulf by 295.2% during the first quarter. Geode Capital Management LLC now owns 1,513,649 shares of the company's stock worth $1,420,000 after purchasing an additional 1,130,659 shares during the period. State Street Corp raised its position in shares of TeraWulf by 200.2% in the second quarter. State Street Corp now owns 1,405,691 shares of the company's stock valued at $2,460,000 after purchasing an additional 937,414 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in TeraWulf by 356.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,000,000 shares of the company's stock valued at $1,260,000 after acquiring an additional 780,786 shares during the period. 62.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $4.00 price target on shares of TeraWulf in a report on Thursday, March 28th. B. Riley lowered their price target on TeraWulf from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Compass Point lowered their price objective on shares of TeraWulf from $4.50 to $3.50 and set a "buy" rating for the company in a report on Thursday, March 21st. Finally, Rosenblatt Securities began coverage on shares of TeraWulf in a research report on Tuesday, April 9th. They set a "buy" rating and a $4.20 price target for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $3.66.

TeraWulf Stock Down 4.9 %

Shares of NASDAQ WULF traded down $0.10 during mid-day trading on Monday, hitting $1.94. The stock had a trading volume of 11,065,715 shares, compared to its average volume of 20,232,664. The business has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $1.72. TeraWulf Inc. has a 1 year low of $0.89 and a 1 year high of $4.04.

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.