PharVision Advisers LLC acquired a new stake in IREN Limited (NASDAQ:IREN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,697 shares of the company's stock, valued at approximately $126,000.
A number of other institutional investors and hedge funds have also bought and sold shares of IREN. Tower Research Capital LLC TRC increased 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 valued at $82,000 after purchasing an additional 7,646 shares during the period. Bank of America Corp DE increased its holdings in IREN by 46.5% in the fourth quarter. Bank of America Corp DE now owns 186,736 shares of the company's stock valued at $1,834,000 after purchasing an additional 59,250 shares during the period. Balyasny Asset Management L.P. increased its holdings in IREN by 6.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 351,219 shares of the company's stock valued at $3,449,000 after purchasing an additional 22,635 shares during the period. Crestline Management LP acquired a new stake in IREN in the fourth quarter valued at $163,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in IREN in the fourth quarter valued at $1,964,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Wall Street Zen upgraded IREN from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Canaccord Genuity Group increased their price target on IREN from $23.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Jones Trading downgraded IREN from a "buy" rating to a "hold" rating in a report on Tuesday, September 2nd. HC Wainwright increased their price target on IREN from $21.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Cantor Fitzgerald increased their price target on IREN from $27.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.44.
Read Our Latest Analysis on IREN
IREN Stock Performance
Shares of IREN stock opened at $26.15 on Monday. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $11.79. IREN Limited has a 1-year low of $5.13 and a 1-year high of $30.01. The company has a market cap of $7.11 billion, a P/E ratio of 44.32 and a beta of 4.03.
IREN (NASDAQ:IREN - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $187.30 million for the quarter, compared to analysts' expectations of $187.51 million. IREN had a net margin of 33.03% and a return on equity of 1.34%. As a group, analysts anticipate that IREN Limited will post 0.43 EPS for the current year.
About IREN
(
Free Report)
IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
Further Reading
Want to see what other hedge funds are holding IREN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IREN Limited (NASDAQ:IREN - Free Report).
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