Chiron Investment Management LLC Takes $955,000 Position in Iris Energy Limited (NASDAQ:IREN)

Chiron Investment Management LLC acquired a new position in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 97,301 shares of the company's stock, valued at approximately $955,000. Chiron Investment Management LLC owned 0.05% of Iris Energy as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in Iris Energy in the 4th quarter worth about $29,000. HM Payson & Co. acquired a new position in shares of Iris Energy during the 4th quarter valued at $30,000. R Squared Ltd bought a new stake in Iris Energy in the fourth quarter worth about $37,000. World Equity Group Inc. acquired a new stake in Iris Energy in the 4th quarter valued at about $98,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Iris Energy during the 4th quarter valued at about $98,000. 41.08% of the stock is owned by institutional investors.

Iris Energy Trading Up 2.5 %

NASDAQ:IREN traded up $0.14 during trading hours on Friday, reaching $5.61. The company's stock had a trading volume of 7,336,744 shares, compared to its average volume of 15,516,484. Iris Energy Limited has a one year low of $4.15 and a one year high of $15.92. The business's 50-day moving average is $7.73 and its 200-day moving average is $9.80.

Iris Energy (NASDAQ:IREN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. Analysts expect that Iris Energy Limited will post 0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group increased their price target on Iris Energy from $17.00 to $23.00 and gave the company a "buy" rating 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 decreased their target price for the stock from $15.00 to $12.00 in a report on Thursday, March 13th. Cantor Fitzgerald restated an "overweight" rating and set a $23.00 price target on shares of Iris Energy in a report on Thursday, February 13th. HC Wainwright raised their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Iris Energy presently has an average 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.