ExodusPoint Capital Management LP bought a new stake in Iris Energy Limited (NASDAQ:IREN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 175,613 shares of the company's stock, valued at approximately $1,725,000. ExodusPoint Capital Management LP owned approximately 0.09% of Iris Energy as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Iris Energy by 1,307.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock valued at $55,825,000 after purchasing an additional 5,280,999 shares during the last quarter. Discovery Capital Management LLC CT bought a new stake in Iris Energy during the 4th quarter worth about $11,544,000. Geode Capital Management LLC raised its stake in shares of Iris Energy by 56.3% during the third quarter. Geode Capital Management LLC now owns 735,071 shares of the company's stock worth $6,204,000 after buying an additional 264,883 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Iris Energy by 96.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,890 shares of the company's stock valued at $6,981,000 after purchasing an additional 348,864 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Iris Energy by 592.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 206,706 shares of the company's stock worth $1,745,000 after purchasing an additional 176,843 shares during the period. 41.08% of the stock is owned by institutional investors and hedge funds.
Iris Energy Stock Up 2.8 %
Shares of NASDAQ IREN traded up $0.16 during midday trading on Monday, reaching $5.79. The stock had a trading volume of 2,631,198 shares, compared to its average volume of 15,376,163. Iris Energy Limited has a twelve month low of $4.15 and a twelve month high of $15.92. The company's 50 day moving average price is $8.38 and its 200 day moving average price is $9.92.
Iris Energy (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. Equities analysts forecast that Iris Energy Limited will post 0.43 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. B. Riley boosted their price target on shares of Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised Iris Energy from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $15.00 to $12.00 in a research report on Thursday, March 13th. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price objective on shares of Iris Energy in a report on Thursday, February 13th. Canaccord Genuity Group raised their price target on shares of Iris Energy from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, HC Wainwright raised their price target on Iris Energy from $16.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $20.40.
Get Our Latest Research Report on IREN
Iris Energy Company 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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