Iris Energy Limited (NASDAQ:IREN - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $11.00, but opened at $10.32. Iris Energy shares last traded at $10.40, with a volume of 2,452,604 shares.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $15.00 target price (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. HC Wainwright boosted 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. Macquarie increased their target price on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. BTIG Research began coverage on Iris Energy in a research note on Friday, December 20th. They issued a "buy" rating and a $33.00 price target on the stock. Finally, Roth Capital raised Iris Energy to a "strong-buy" rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Iris Energy currently has an average rating of "Moderate Buy" and an average price target of $19.50.
View Our Latest Stock Report on IREN
Iris Energy Stock Performance
The business's 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $10.05.
Hedge Funds Weigh In On Iris Energy
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Truist Financial Corp lifted its position in shares of Iris Energy by 3.2% during the second quarter. Truist Financial Corp now owns 51,575 shares of the company's stock worth $582,000 after purchasing an additional 1,575 shares in the last quarter. Chesapeake Capital Corp IL lifted its holdings in Iris Energy by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company's stock worth $157,000 after buying an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Iris Energy by 13.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company's stock valued at $473,000 after buying an additional 6,347 shares during the period. Wellington Management Group LLP grew its stake in shares of Iris Energy by 28.3% in the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company's stock worth $309,000 after acquiring an additional 8,092 shares in the last quarter. Finally, Bluefin Capital Management LLC purchased a new stake in shares of Iris Energy during the second quarter worth $113,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.
About Iris Energy
(
Get 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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