Sculptor Capital LP Invests $1.03 Million in Iris Energy Limited (NASDAQ:IREN)

Sculptor Capital LP bought a new position in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 105,273 shares of the company's stock, valued at approximately $1,034,000. Sculptor Capital LP owned approximately 0.06% of Iris Energy at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of Iris Energy in the 4th quarter worth $29,000. HM Payson & Co. bought a new stake in shares of Iris Energy in the 4th quarter worth $30,000. R Squared Ltd bought a new stake in shares of Iris Energy in the 4th quarter worth $37,000. Main Management LLC bought a new stake in shares of Iris Energy in the 4th quarter worth $49,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Iris Energy by 1,059.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company's stock worth $82,000 after acquiring an additional 7,646 shares in the last quarter. Institutional investors own 41.08% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a research note on Thursday, February 13th. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price target on shares of Iris Energy in a research report on Thursday, February 13th. JPMorgan Chase & Co. upgraded shares of Iris Energy from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $15.00 to $12.00 in a research report on Thursday, March 13th. HC Wainwright reduced their price target on shares of Iris Energy from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $23.00 target price on shares of Iris Energy in a research report on Friday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Iris Energy has an average rating of "Buy" and an average price target of $20.30.

Iris Energy Trading Up 0.8%

Shares of Iris Energy stock traded up $0.07 on Tuesday, reaching $8.61. The stock had a trading volume of 13,239,988 shares, compared to its average volume of 16,181,453. Iris Energy Limited has a 1 year low of $5.13 and a 1 year high of $15.92. The business's 50 day moving average is $6.56 and its two-hundred day moving average is $9.51.

Iris Energy (NASDAQ:IREN - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). The company had revenue of $148.10 million during the quarter, compared to analysts' expectations of $153.38 million. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. On average, equities analysts expect that Iris Energy Limited will post 0.43 earnings per share for the current fiscal year.

Iris Energy Profile

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