Iris Energy Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital upped their Q2 2025 EPS estimates for shares of Iris Energy in a research note issued on Tuesday, December 10th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings of ($0.02) per share for the quarter, up from their previous forecast of ($0.03). Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.01 per share. Roth Capital also issued estimates for Iris Energy's Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.26 EPS, Q1 2026 earnings at $0.42 EPS, Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $1.28 EPS, Q1 2027 earnings at $0.16 EPS and FY2027 earnings at $0.75 EPS.
IREN has been the topic of a number of other reports. Canaccord Genuity Group lifted their price objective on shares of Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. HC Wainwright boosted their price target 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 assumed coverage on Iris Energy in a research report on Wednesday, October 2nd. They set a "buy" rating and a $14.00 price objective for the company. 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 report on Tuesday. Finally, B. Riley decreased their price target on Iris Energy from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Iris Energy has a consensus rating of "Moderate Buy" and an average price target of $17.56.
Get Our Latest Stock Analysis on Iris Energy
Iris Energy Stock Performance
NASDAQ IREN traded down $0.09 during trading hours on Friday, hitting $13.34. The company had a trading volume of 5,731,440 shares, compared to its average volume of 13,778,355. The business has a 50 day moving average of $10.61 and a 200-day moving average of $10.02. Iris Energy has a 1-year low of $3.56 and a 1-year high of $15.92.
Hedge Funds Weigh In On Iris Energy
Several hedge funds have recently bought and sold shares of IREN. Marshall Wace LLP boosted its stake in shares of Iris Energy by 33.6% during the second quarter. Marshall Wace LLP now owns 3,811,780 shares of the company's stock valued at $43,035,000 after acquiring an additional 958,494 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Iris Energy by 56.1% during the third quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company's stock worth $13,938,000 after buying an additional 576,726 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Iris Energy in the second quarter valued at approximately $17,319,000. Hood River Capital Management LLC purchased a new position in shares of Iris Energy during the second quarter valued at approximately $13,618,000. Finally, Bank of Montreal Can acquired a new stake in Iris Energy during the second quarter worth approximately $9,969,000. Hedge funds and other institutional investors own 41.08% of the company's stock.
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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