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Kovitz Investment Group Partners LLC Makes New $927,000 Investment in Iris Energy Limited (NASDAQ:IREN)

Iris Energy logo with Oils/Energy background

Kovitz Investment Group Partners LLC acquired a new stake in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 109,853 shares of the company's stock, valued at approximately $927,000. Kovitz Investment Group Partners LLC owned 0.06% of Iris Energy at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IREN. AFG Fiduciary Services Limited Partnership bought a new position in shares of Iris Energy during the 3rd quarter worth $77,000. Covestor Ltd purchased a new stake in Iris Energy in the third quarter worth about $87,000. Sippican Capital Advisors bought a new position in Iris Energy during the 3rd quarter worth about $94,000. Bluefin Capital Management LLC purchased a new position in Iris Energy during the 2nd quarter valued at about $113,000. Finally, Seven Eight Capital LP bought a new stake in shares of Iris Energy in the 2nd quarter valued at about $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on IREN. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a research note on Wednesday, November 27th. HC Wainwright increased their target price on Iris Energy from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Roth Mkm initiated coverage on Iris Energy in a research report on Wednesday, October 2nd. They issued a "buy" rating and a $14.00 price target for the company. Cantor Fitzgerald raised their price objective on Iris Energy from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group lifted their target price on Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Iris Energy has a consensus rating of "Moderate Buy" and a consensus target price of $17.56.

View Our Latest Stock Report on Iris Energy

Iris Energy Price Performance

NASDAQ IREN traded down $0.26 during trading on Thursday, hitting $13.35. The company's stock had a trading volume of 12,308,779 shares, compared to its average volume of 13,801,800. Iris Energy Limited has a fifty-two week low of $3.56 and a fifty-two week high of $15.92. The business's 50 day simple moving average is $10.49 and its 200-day simple moving average is $10.00.

Iris Energy 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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Institutional Ownership by Quarter for Iris Energy (NASDAQ:IREN)

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