Iris Energy Limited (NASDAQ:IREN - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $9.94, but opened at $10.18. Iris Energy shares last traded at $10.01, with a volume of 2,106,716 shares.
Analyst Ratings Changes
Several research firms have issued reports on IREN. BTIG Research started 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. JPMorgan Chase & Co. reissued 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. Canaccord Genuity Group upped their price target on Iris Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. B. Riley lifted their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Roth Capital raised shares of Iris Energy to a "strong-buy" rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.
Read Our Latest Report on Iris Energy
Iris Energy Trading Down 1.2 %
The company's 50-day simple moving average is $11.42 and its 200-day simple moving average is $10.22.
Institutional Investors Weigh In On Iris Energy
A number of institutional investors and hedge funds have recently modified their holdings of IREN. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Iris Energy during the second quarter worth approximately $779,000. Main Management ETF Advisors LLC bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $760,000. Van ECK Associates Corp increased its holdings in shares of Iris Energy by 56.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company's stock worth $13,938,000 after acquiring an additional 576,726 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company's stock valued at $416,000 after acquiring an additional 27,212 shares during the period. Finally, Creative Planning lifted its holdings in Iris Energy by 71.2% during the 3rd quarter. Creative Planning now owns 457,625 shares of the company's stock valued at $3,862,000 after purchasing an additional 190,300 shares during the last quarter. 41.08% of the stock is owned by 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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