Highbridge Capital Management LLC purchased a new position in Iris Energy Limited (NASDAQ:IREN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 154,686 shares of the company's stock, valued at approximately $1,519,000. Highbridge Capital Management LLC owned approximately 0.08% of Iris Energy as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft lifted its stake in Iris Energy by 66.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company's stock valued at $1,228,000 after buying an additional 50,000 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Iris Energy by 13.4% during the 4th quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company's stock valued at $549,000 after purchasing an additional 6,601 shares during the period. Main Management ETF Advisors LLC bought a new position in Iris Energy in the 3rd quarter worth about $760,000. Private Advisor Group LLC acquired a new stake in shares of Iris Energy in the fourth quarter valued at approximately $120,000. Finally, Geode Capital Management LLC raised its holdings 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 valued at $6,204,000 after buying an additional 264,883 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company's stock.
Iris Energy Stock Up 7.2 %
Shares of Iris Energy stock traded up $0.44 on Tuesday, reaching $6.53. 8,156,423 shares of the company were exchanged, compared to its average volume of 15,267,854. The stock has a fifty day moving average price of $9.49 and a 200-day moving average price of $10.10. Iris Energy Limited has a fifty-two week low of $4.15 and a fifty-two week high of $15.92.
Iris Energy (NASDAQ:IREN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. Equities analysts anticipate that Iris Energy Limited will post 0.43 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts recently commented on IREN shares. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a research report on Thursday, February 13th. Cantor Fitzgerald reissued an "overweight" rating and set a $23.00 target price on shares of Iris Energy in a research note on Thursday, February 13th. HC Wainwright upped their price target on shares of Iris Energy from $16.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. B. Riley raised their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Canaccord Genuity Group upped their target price on Iris Energy from $17.00 to $23.00 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Iris Energy has an average rating of "Buy" and an average target price of $20.40.
Check Out Our Latest Stock Analysis 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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