CenterBook Partners LP Acquires New Stake in Iris Energy Limited (NASDAQ:IREN)

CenterBook Partners LP acquired a new position in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 132,568 shares of the company's stock, valued at approximately $1,302,000. CenterBook Partners LP owned 0.07% of Iris Energy at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IREN. Sippican Capital Advisors grew its holdings in Iris Energy by 15.1% during the 4th quarter. Sippican Capital Advisors now owns 12,780 shares of the company's stock valued at $126,000 after purchasing an additional 1,680 shares during the last quarter. Drive Wealth Management LLC raised its holdings in shares of Iris Energy by 5.8% in the fourth quarter. Drive Wealth Management LLC now owns 39,690 shares of the company's stock worth $390,000 after buying an additional 2,193 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Iris Energy during the fourth quarter worth $29,000. HM Payson & Co. acquired a new position in shares of Iris Energy in the 4th quarter valued at about $30,000. Finally, R Squared Ltd purchased a new stake in Iris Energy during the fourth quarter worth $37,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. B. Riley upped their price target on Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Canaccord Genuity Group boosted their target price on shares of Iris Energy from $17.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Needham & Company LLC reiterated a "hold" rating on shares of Iris Energy in a research note on Thursday, February 13th. Cantor Fitzgerald reiterated an "overweight" rating and set a $23.00 target price on shares of Iris Energy in a research note on Thursday, February 13th. Finally, HC Wainwright raised their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $20.40.

Iris Energy Trading Up 0.2 %

NASDAQ:IREN traded up $0.01 during trading hours on Wednesday, reaching $5.46. The company had a trading volume of 5,472,113 shares, compared to its average volume of 15,404,747. Iris Energy Limited has a twelve month low of $4.15 and a twelve month high of $15.92. The business's 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $9.86.

Iris Energy (NASDAQ:IREN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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%. Analysts expect that Iris Energy Limited will post 0.43 EPS for the current fiscal 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.