Geode Capital Management LLC increased its stake in Iris Energy Limited (NASDAQ:IREN - Free Report) by 56.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 735,071 shares of the company's stock after purchasing an additional 264,883 shares during the period. Geode Capital Management LLC owned 0.39% of Iris Energy worth $6,204,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of IREN. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Iris Energy during the 3rd quarter worth approximately $77,000. Covestor Ltd bought a new position in Iris Energy in the third quarter valued at approximately $87,000. Sippican Capital Advisors acquired a new stake in Iris Energy during the 3rd quarter worth $94,000. Bluefin Capital Management LLC bought a new stake in shares of Iris Energy during the 2nd quarter valued at $113,000. Finally, Seven Eight Capital LP acquired a new position in shares of Iris Energy in the 2nd quarter valued at $146,000. Institutional investors and hedge funds own 41.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on IREN shares. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. BTIG Research initiated coverage on Iris Energy in a research note on Friday, December 20th. They issued a "buy" rating and a $33.00 price target for the company. JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Canaccord Genuity Group upped their target price on shares of Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald increased their target price on shares of Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iris Energy currently has an average rating of "Moderate Buy" and an average price target of $19.50.
Check Out Our Latest Report on Iris Energy
Iris Energy Price Performance
NASDAQ IREN traded up $0.88 on Friday, reaching $11.34. The company had a trading volume of 12,064,650 shares, compared to its average volume of 12,091,525. The company's fifty day moving average is $11.52 and its 200-day moving average is $10.14. Iris Energy Limited has a 1-year low of $3.56 and a 1-year high of $15.92.
About Iris Energy
(
Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
Further Reading
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