Baader Bank Aktiengesellschaft Has $1.23 Million Stock Position in Iris Energy Limited (NASDAQ:IREN)

Baader Bank Aktiengesellschaft grew its holdings in Iris Energy Limited (NASDAQ:IREN - Free Report) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after acquiring an additional 50,000 shares during the period. Baader Bank Aktiengesellschaft owned 0.07% of Iris Energy worth $1,228,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Iris Energy in the second quarter worth $1,401,000. Point72 Asset Management L.P. lifted its position in Iris Energy by 478.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 164,800 shares of the company's stock worth $1,861,000 after acquiring an additional 136,300 shares during the last quarter. Truist Financial Corp boosted its holdings in Iris Energy by 3.2% during the second quarter. Truist Financial Corp now owns 51,575 shares of the company's stock valued at $582,000 after acquiring an additional 1,575 shares during the period. Dana Investment Advisors Inc. bought a new stake in Iris Energy during the second quarter valued at about $161,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Iris Energy in the second quarter valued at about $149,000. Institutional investors and hedge funds own 41.08% of the company's stock.

Iris Energy Stock Down 0.8 %

NASDAQ IREN traded down $0.08 on Friday, hitting $10.22. 13,100,396 shares of the company were exchanged, compared to its average volume of 15,908,552. The firm has a 50 day moving average of $11.79 and a two-hundred day moving average of $9.87. Iris Energy Limited has a 1-year low of $3.56 and a 1-year high of $15.92.

Iris Energy (NASDAQ:IREN - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Iris Energy had a negative net margin of 36.10% and a negative return on equity of 8.01%. On average, research analysts expect that Iris Energy Limited will post 0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on IREN. BTIG Research assumed coverage on shares of Iris Energy in a research note on Friday, December 20th. They issued a "buy" rating and a $33.00 target price for the company. HC Wainwright lifted their target price on shares of Iris Energy from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. B. Riley raised their target price on Iris Energy from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Canaccord Genuity Group upped their price target on Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a report on Wednesday, November 27th. 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Iris Energy Profile

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