Iris Energy Limited (NASDAQ:IREN - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.46, but opened at $11.15. Iris Energy shares last traded at $11.22, with a volume of 1,799,005 shares traded.
Analyst Ratings Changes
A number of research analysts have commented on IREN shares. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a research note on Wednesday, November 27th. B. Riley boosted their price target on Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Macquarie increased their price objective on Iris Energy from $13.50 to $19.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Canaccord Genuity Group boosted their target price on Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 price target (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Iris Energy has a consensus rating of "Moderate Buy" and an average price target of $19.50.
Get Our Latest Report on Iris Energy
Iris Energy Trading Down 0.9 %
The stock has a fifty day moving average of $11.71 and a two-hundred day moving average of $10.05.
Hedge Funds Weigh In On Iris Energy
A number of institutional investors and hedge funds have recently made changes to their positions in IREN. Harbour Capital Advisors LLC purchased a new stake in Iris Energy during the fourth quarter worth about $282,000. Geode Capital Management LLC lifted its position in shares of Iris Energy by 56.3% during the 3rd quarter. Geode Capital Management LLC now owns 735,071 shares of the company's stock valued at $6,204,000 after acquiring an additional 264,883 shares during the period. Sender Co & Partners Inc. purchased a new stake in shares of Iris Energy during the 3rd quarter worth approximately $561,000. Continuum Advisory LLC acquired a new stake in shares of Iris Energy in the 3rd quarter worth approximately $430,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Iris Energy by 592.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 206,706 shares of the company's stock worth $1,745,000 after acquiring an additional 176,843 shares during the period. 41.08% of the stock is owned by institutional investors and hedge funds.
About Iris Energy
(
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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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