Continuum Advisory LLC bought a new stake in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 50,906 shares of the company's stock, valued at approximately $430,000.
Several other institutional investors and hedge funds have also bought and sold shares of IREN. AFG Fiduciary Services Limited Partnership acquired a new position in shares of Iris Energy during the third quarter valued at about $77,000. Covestor Ltd purchased a new stake in Iris Energy during the 3rd quarter worth approximately $87,000. Sippican Capital Advisors acquired a new position in Iris Energy during the 3rd quarter valued at approximately $94,000. Bluefin Capital Management LLC purchased a new position in shares of Iris Energy in the second quarter worth $113,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Iris Energy during the second quarter worth $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.
Iris Energy Stock Performance
NASDAQ IREN traded up $0.25 during mid-day trading on Wednesday, reaching $13.61. 18,584,686 shares of the stock were exchanged, compared to its average volume of 13,808,386. The business's 50 day moving average is $10.49 and its 200-day moving average is $10.00. Iris Energy Limited has a 1 year low of $3.56 and a 1 year high of $15.92.
Analysts Set New Price Targets
IREN has been the topic of several research reports. Roth Capital raised Iris Energy to a "strong-buy" rating in a research report on Tuesday, October 1st. HC Wainwright raised their price objective on Iris Energy from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Canaccord Genuity Group lifted their target price on Iris Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $15.00 price target (up previously from $9.50) on shares of Iris Energy in a report on Tuesday. Finally, Macquarie lifted their price objective on shares of Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.56.
Read Our Latest Stock Analysis on Iris Energy
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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