Barclays PLC reduced its stake in Iris Energy Limited (NASDAQ:IREN - Free Report) by 92.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,022 shares of the company's stock after selling 82,098 shares during the period. Barclays PLC's holdings in Iris Energy were worth $59,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bluefin Capital Management LLC bought a new position in Iris Energy in the second quarter worth about $113,000. AFG Fiduciary Services Limited Partnership acquired a new position in shares of Iris Energy during the third quarter worth $77,000. Covestor Ltd purchased a new stake in shares of Iris Energy during the 3rd quarter valued at $87,000. Sippican Capital Advisors acquired a new stake in shares of Iris Energy in the 3rd quarter worth $94,000. Finally, Seven Eight Capital LP purchased a new position in Iris Energy during the 2nd quarter worth $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on IREN shares. Roth Capital raised Iris Energy to a "strong-buy" rating in a report on Tuesday, October 1st. BTIG Research started coverage on shares of Iris Energy in a report on Friday, December 20th. They issued a "buy" rating and a $33.00 price target for the company. HC Wainwright boosted their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Cantor Fitzgerald raised their target price on Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Iris Energy currently has a consensus rating of "Moderate Buy" and an average target price of $19.50.
View Our Latest Research Report on IREN
Iris Energy Price Performance
Shares of NASDAQ IREN traded up $0.49 during midday trading on Friday, reaching $11.00. 11,919,396 shares of the stock were exchanged, compared to its average volume of 14,348,125. The firm has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $10.09. Iris Energy Limited has a twelve month low of $3.56 and a twelve month high of $15.92.
Iris Energy Profile
(
Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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