VisionPoint Advisory Group LLC acquired a new position in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 45,373 shares of the company's stock, valued at approximately $475,000.
Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in Iris Energy in the fourth quarter valued at $29,000. R Squared Ltd acquired a new stake in shares of Iris Energy in the 4th quarter valued at about $37,000. Covestor Ltd purchased a new position in Iris Energy during the 3rd quarter worth approximately $87,000. Sippican Capital Advisors acquired a new position in Iris Energy during the third quarter worth approximately $94,000. Finally, Private Advisor Group LLC acquired a new position in shares of Iris Energy in the 4th quarter valued at $120,000. Institutional investors and hedge funds own 41.08% of the company's stock.
Iris Energy Stock Performance
Shares of NASDAQ:IREN traded down $1.38 on Tuesday, reaching $8.78. 29,353,409 shares of the company were exchanged, compared to its average volume of 16,569,430. The company has a 50-day moving average of $11.46 and a 200-day moving average of $10.16. Iris Energy Limited has a 1-year low of $4.15 and a 1-year high of $15.92.
Iris Energy (NASDAQ:IREN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. Analysts expect that Iris Energy Limited will post 0.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
IREN has been the topic of a number of recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $23.00 price objective on shares of Iris Energy in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Iris Energy in a research report on Thursday, February 13th. HC Wainwright boosted their target price on Iris Energy from $16.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.70.
Check Out Our Latest Report on IREN
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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