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

CenterBook Partners LP increased its stake in IREN Limited (NASDAQ:IREN - Free Report) by 34.8% in the first quarter, according to the company in its most recent disclosure with the 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 about 0.10% of IREN worth $1,088,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IREN. Main Management LLC bought a new position in IREN during the 4th quarter worth approximately $49,000. Crewe Advisors LLC bought a new position in IREN during the 1st quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its holdings in IREN by 1,059.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company's stock worth $82,000 after buying an additional 7,646 shares during the last quarter. Farther Finance Advisors LLC bought a new position in IREN during the 4th quarter worth approximately $98,000. Finally, Delta Financial Group Inc. bought a new position in IREN during the 1st quarter worth approximately $61,000. Hedge funds and other institutional investors own 41.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

IREN Stock Down 0.6%

IREN traded down $0.11 during trading hours on Friday, hitting $17.94. The company's stock had a trading volume of 27,238,789 shares, compared to its average volume of 16,828,395. IREN Limited has a fifty-two week low of $5.13 and a fifty-two week high of $18.84. The company has a 50-day simple moving average of $11.53 and a 200 day simple moving average of $9.63.

IREN (NASDAQ:IREN - Get Free Report) last posted 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). IREN had a negative net margin of 9.40% and a negative return on equity of 2.12%. The business had revenue of $148.10 million during the quarter, compared to analyst estimates of $153.38 million. As a group, research analysts predict that IREN Limited will post 0.43 earnings per share for the current year.

About IREN

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