Shares of Iris Energy Limited (NASDAQ:IREN - Get Free Report) have been assigned an average recommendation of "Buy" from the eleven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.94.
A number of research firms have issued reports on IREN. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. Macquarie increased their target price on shares of Iris Energy from $13.50 to $19.00 and gave the stock an "outperform" rating in a research note on Wednesday. B. Riley decreased their price target on shares of Iris Energy from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, September 13th. Roth Mkm began coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They set a "buy" rating and a $14.00 price objective on the stock. Finally, Compass Point reduced their target price on Iris Energy from $18.50 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 30th.
Check Out Our Latest Analysis on Iris Energy
Institutional Investors Weigh In On Iris Energy
Institutional investors have recently bought and sold shares of the stock. AFG Fiduciary Services Limited Partnership purchased a new position in Iris Energy during the 3rd quarter worth $77,000. Covestor Ltd purchased a new position in Iris Energy during the third quarter worth about $87,000. Sippican Capital Advisors bought a new stake in Iris Energy in the 3rd quarter worth about $94,000. Bluefin Capital Management LLC purchased a new stake in Iris Energy in the 2nd quarter valued at about $113,000. Finally, Seven Eight Capital LP bought a new position in shares of Iris Energy during the 2nd quarter worth approximately $146,000. Institutional investors own 41.08% of the company's stock.
Iris Energy Stock Up 8.8 %
Shares of NASDAQ IREN traded up $1.24 during midday trading on Friday, reaching $15.39. The company's stock had a trading volume of 21,750,303 shares, compared to its average volume of 19,530,648. The business's 50 day moving average price is $10.14 and its two-hundred day moving average price is $9.87. Iris Energy has a fifty-two week low of $3.56 and a fifty-two week high of $15.92.
Iris Energy Company Profile
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Get Free ReportIris 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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