Quadrature Capital Ltd lifted its holdings in Iris Energy Limited (NASDAQ:IREN - Free Report) by 719.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,312 shares of the company's stock after purchasing an additional 203,976 shares during the period. Quadrature Capital Ltd owned 0.35% of Iris Energy worth $1,655,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of IREN. Commerce Bank bought a new position in shares of Iris Energy in the fourth quarter valued at approximately $256,000. Jump Financial LLC lifted its position in Iris Energy by 33.1% during the 4th quarter. Jump Financial LLC now owns 49,400 shares of the company's stock worth $353,000 after acquiring an additional 12,290 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Iris Energy by 52.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,037,420 shares of the company's stock valued at $7,418,000 after acquiring an additional 356,752 shares during the period. Chesapeake Capital Corp IL bought a new stake in Iris Energy during the fourth quarter valued at about $221,000. Finally, Van ECK Associates Corp grew its position in shares of Iris Energy by 32.9% in the fourth quarter. Van ECK Associates Corp now owns 1,485,909 shares of the company's stock valued at $10,624,000 after purchasing an additional 368,140 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company's stock.
Iris Energy Trading Down 3.5 %
Iris Energy stock traded down $0.50 on Wednesday, hitting $13.95. The company's stock had a trading volume of 14,750,931 shares, compared to its average volume of 18,645,468. Iris Energy Limited has a one year low of $2.79 and a one year high of $14.95. The company has a fifty day moving average price of $7.04 and a 200-day moving average price of $6.19.
Iris Energy (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $54.35 million for the quarter, compared to analysts' expectations of $58.41 million. On average, analysts expect that Iris Energy Limited will post 0.03 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Cantor Fitzgerald upgraded Iris Energy to a "strong-buy" rating in a research note on Wednesday, June 12th. Canaccord Genuity Group boosted their target price on shares of Iris Energy from $9.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Iris Energy from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Tuesday, June 4th. HC Wainwright restated a "buy" rating and set a $10.00 price objective on shares of Iris Energy in a report on Thursday, May 16th. Finally, B. Riley reduced their target price on shares of Iris Energy from $10.00 to $9.50 and set a "buy" rating for the company in a research note on Friday, March 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Iris Energy presently has an average rating of "Buy" and an average price target of $14.92.
View Our Latest Report on Iris Energy
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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