Sava Infond d.o.o. Purchases Shares of 17,000 Iris Energy Limited (NASDAQ:IREN)

Sava Infond d.o.o. acquired a new position in shares of Iris Energy Limited (NASDAQ:IREN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,000 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in Iris Energy during the fourth quarter worth about $29,000. HM Payson & Co. purchased a new position in shares of Iris Energy during the 4th quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Iris Energy in the fourth quarter worth approximately $37,000. World Equity Group Inc. purchased a new stake in Iris Energy in the fourth quarter valued at approximately $98,000. Finally, Farther Finance Advisors LLC acquired a new position in Iris Energy during the fourth quarter worth approximately $98,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Iris Energy Price Performance

NASDAQ IREN opened at $6.46 on Friday. The company’s fifty day simple moving average is $9.73 and its 200-day simple moving average is $10.08. Iris Energy Limited has a 52 week low of $4.15 and a 52 week high of $15.92.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, topping 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%. On average, equities research analysts expect that Iris Energy Limited will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Macquarie upped their price target on Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. BTIG Research began coverage on Iris Energy in a research note on Friday, December 20th. They issued a “buy” rating and a $33.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 target price on shares of Iris Energy in a research report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.40.

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.