20,000 Shares in Iris Energy Limited (NASDAQ:IREN) Purchased by XML Financial LLC

XML Financial LLC bought a new position in shares of Iris Energy Limited (NASDAQ:IREN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company’s stock, valued at approximately $196,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Truist Financial Corp lifted its stake in shares of Iris Energy by 3.2% in the 2nd 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 raised its holdings in Iris Energy by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock valued at $157,000 after buying an additional 3,861 shares during the period. Chicago Partners Investment Group LLC lifted its position in Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after buying an additional 6,347 shares during the last quarter. Wellington Management Group LLP boosted its stake in Iris Energy by 28.3% during the third quarter. Wellington Management Group LLP now owns 36,651 shares of the company’s stock worth $309,000 after buying an additional 8,092 shares during the period. Finally, Bluefin Capital Management LLC acquired a new stake in shares of Iris Energy during the second quarter valued at about $113,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IREN shares. Cantor Fitzgerald upped their price objective on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (up from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a report on Wednesday, November 27th. BTIG Research initiated coverage on Iris Energy in a report on Friday, December 20th. They set a “buy” rating and a $33.00 target price for the company. Finally, Roth Mkm assumed coverage on shares of Iris Energy in a research note on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price target on the stock. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Iris Energy Trading Up 5.3 %

NASDAQ IREN opened at $12.28 on Friday. Iris Energy Limited has a 52 week low of $3.56 and a 52 week high of $15.92. The firm has a 50 day moving average of $11.74 and a two-hundred day moving average of $9.97.

Iris Energy (NASDAQ:IREN) last posted its earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%. As a group, analysts predict that Iris Energy Limited will post 0.12 EPS for the current year.

Iris Energy Company Profile

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