B. Riley Estimates Iris Energy's Q2 Earnings (NASDAQ:IREN)

Iris Energy Limited (NASDAQ:IREN - Free Report) - Investment analysts at B. Riley lowered their Q2 2025 earnings per share estimates for shares of Iris Energy in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of ($0.11) for the quarter, down from their prior forecast of ($0.09). B. Riley has a "Buy" rating and a $16.00 price target on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.01 per share. B. Riley also issued estimates for Iris Energy's Q4 2025 earnings at $0.13 EPS, FY2025 earnings at ($0.10) EPS, FY2026 earnings at $0.84 EPS and FY2027 earnings at $0.32 EPS.

Several other equities research analysts have also recently commented on the company. Cantor Fitzgerald upped their price target on Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Roth Capital raised Iris Energy to a "strong-buy" rating in a report on Tuesday, October 1st. BTIG Research assumed coverage on Iris Energy in a research note on Friday. They issued a "buy" rating and a $33.00 price target on the stock. Macquarie raised their target price on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.50.

Iris Energy Stock Down 4.7 %

IREN stock traded down $0.56 on Monday, hitting $11.25. The company's stock had a trading volume of 12,712,209 shares, compared to its average volume of 13,822,937. Iris Energy has a 1 year low of $3.56 and a 1 year high of $15.92. The firm has a 50 day moving average of $11.17 and a two-hundred day moving average of $10.24.

Hedge Funds Weigh In On Iris Energy

A number of institutional investors have recently modified their holdings of the company. Truist Financial Corp lifted its stake in shares of Iris Energy by 3.2% during the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company's stock worth $582,000 after purchasing an additional 1,575 shares during the period. Chesapeake Capital Corp IL boosted its stake in Iris Energy by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company's stock worth $157,000 after buying an additional 3,861 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Iris Energy by 13.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company's stock valued at $473,000 after acquiring an additional 6,347 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Iris Energy by 28.3% in the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company's stock worth $309,000 after acquiring an additional 8,092 shares during the last quarter. Finally, Bluefin Capital Management LLC purchased a new stake in Iris Energy in the second quarter valued at approximately $113,000. Institutional investors and hedge funds own 41.08% of the company's stock.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.