IREN Limited (NASDAQ:IREN) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP boosted its position in IREN Limited (NASDAQ:IREN - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,684 shares of the company's stock after buying an additional 46,116 shares during the quarter. CenterBook Partners LP owned approximately 0.10% of IREN worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of IREN. Main Management LLC bought a new position in shares of IREN during the fourth quarter valued at approximately $49,000. Crewe Advisors LLC bought a new position in shares of IREN during the first quarter valued at approximately $39,000. Tower Research Capital LLC TRC raised its holdings in IREN by 1,059.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company's stock worth $82,000 after purchasing an additional 7,646 shares in the last quarter. Farther Finance Advisors LLC bought a new position in IREN in the fourth quarter worth $98,000. Finally, Delta Financial Group Inc. bought a new position in IREN in the first quarter worth $61,000. Institutional investors own 41.08% of the company's stock.

IREN Price Performance

Shares of NASDAQ:IREN traded down $0.11 during midday trading on Friday, hitting $17.94. The company had a trading volume of 27,238,789 shares, compared to its average volume of 16,832,154. IREN Limited has a twelve month low of $5.13 and a twelve month high of $18.86. The business's 50-day simple moving average is $11.75 and its 200-day simple moving average is $9.68.

IREN (NASDAQ:IREN - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%. The business had revenue of $148.10 million for the quarter, compared to analyst estimates of $153.38 million. Equities research analysts expect that IREN Limited will post 0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IREN shares. B. Riley reissued a "buy" rating and issued a $22.00 target price (up from $15.00) on shares of IREN in a research note on Thursday, July 10th. Macquarie increased their price objective on IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen raised IREN from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. HC Wainwright dropped their price objective on IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $23.00 price objective on shares of IREN in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.44.

About IREN

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