Sender Co & Partners Inc. Purchases Shares of 66,471 Iris Energy Limited (NASDAQ:IREN)

Sender Co & Partners Inc. bought a new stake in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,471 shares of the company's stock, valued at approximately $561,000. Iris Energy makes up about 0.7% of Sender Co & Partners Inc.'s investment portfolio, making the stock its 26th largest holding.

Several other large investors have also bought and sold shares of IREN. Truist Financial Corp lifted its holdings 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 valued at $582,000 after purchasing an additional 1,575 shares during the last quarter. Chesapeake Capital Corp IL boosted its holdings in Iris Energy by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company's stock worth $157,000 after acquiring an additional 3,861 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company's stock worth $473,000 after acquiring an additional 6,347 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Iris Energy by 28.3% during the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company's stock valued at $309,000 after acquiring an additional 8,092 shares in the last quarter. Finally, Bluefin Capital Management LLC bought a new position in Iris Energy in the 2nd quarter worth about $113,000. 41.08% of the stock is owned by institutional investors.

Iris Energy Price Performance

NASDAQ IREN traded down $0.88 on Tuesday, reaching $14.51. 16,356,904 shares of the stock were exchanged, compared to its average volume of 13,771,468. Iris Energy Limited has a one year low of $3.56 and a one year high of $15.92. The company's 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $9.93.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on IREN shares. Needham & Company LLC restated a "hold" rating on shares of Iris Energy in a research note on Wednesday, November 27th. Roth Mkm assumed coverage on Iris Energy in a report on Wednesday, October 2nd. They set a "buy" rating and a $14.00 price target on the stock. Roth Capital upgraded Iris Energy to a "strong-buy" rating in a report on Tuesday, October 1st. HC Wainwright lifted their price target on shares of Iris Energy from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, B. Riley lowered their price objective on shares of Iris Energy from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, September 13th. Two investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.56.

Iris Energy Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.