105,273 Shares in Iris Energy Limited (NASDAQ:IREN) Purchased by Sculptor Capital LP

Sculptor Capital LP bought a new position in shares of Iris Energy Limited (NASDAQ:IREN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 105,273 shares of the company’s stock, valued at approximately $1,034,000. Sculptor Capital LP owned 0.06% of Iris Energy at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Iris Energy during the 4th quarter worth approximately $29,000. HM Payson & Co. acquired a new position in Iris Energy during the fourth quarter worth $30,000. R Squared Ltd purchased a new stake in Iris Energy during the fourth quarter worth $37,000. Main Management LLC acquired a new stake in Iris Energy in the fourth quarter valued at $49,000. Finally, Tower Research Capital LLC TRC grew its holdings in Iris Energy by 1,059.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock valued at $82,000 after purchasing an additional 7,646 shares during the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on IREN. B. Riley boosted their price objective on shares of Iris Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of Iris Energy in a report on Friday. JPMorgan Chase & Co. raised shares of Iris Energy from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, March 13th. Finally, Macquarie lifted their price objective on Iris Energy from $15.50 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Iris Energy currently has an average rating of “Buy” and a consensus target price of $20.30.

Iris Energy Price Performance

NASDAQ:IREN opened at $8.41 on Friday. The firm has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $9.52. Iris Energy Limited has a 1-year low of $5.13 and a 1-year high of $15.92.

Iris Energy (NASDAQ:IREN) last released its earnings results on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. The firm had revenue of $148.10 million during the quarter, compared to analysts’ expectations of $153.38 million. As a group, research analysts expect that Iris Energy Limited will post 0.43 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.