Iris Energy (NASDAQ:IREN - Free Report ) in a research note published on Monday, Benzinga reports. Canaccord Genuity Group currently has a $9.00 target price on the stock.
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A number of other equities research analysts have also recently weighed in on the stock. HC Wainwright restated a buy rating and set a $10.00 price objective on shares of Iris Energy in a research note on Tuesday, April 2nd. Cantor Fitzgerald reaffirmed an overweight rating and set a $10.00 target price on shares of Iris Energy in a report on Thursday, March 28th. Finally, B. Riley lowered their target price on Iris Energy from $10.00 to $9.50 and set a buy rating on the stock in a report on Friday, March 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $12.00.
Check Out Our Latest Report on Iris Energy
Iris Energy Stock Performance IREN stock traded up $0.57 during mid-day trading on Monday, reaching $5.30. The company had a trading volume of 8,532,230 shares, compared to its average volume of 8,991,614. Iris Energy has a one year low of $2.79 and a one year high of $9.69. The stock's 50-day simple moving average is $5.24 and its two-hundred day simple moving average is $5.08.
Iris Energy (NASDAQ:IREN - Get Free Report ) last posted its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $42.57 million during the quarter, compared to the consensus estimate of $37.58 million. On average, research analysts predict that Iris Energy will post 0.08 EPS for the current year.
Hedge Funds Weigh In On Iris Energy Several institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new stake in shares of Iris Energy during the 3rd quarter valued at about $47,000. VitalStone Financial LLC lifted its holdings in shares of Iris Energy by 373.9% during the 1st quarter. VitalStone Financial LLC now owns 13,980 shares of the company's stock valued at $71,000 after buying an additional 11,030 shares during the last quarter. CCG Wealth Management LLC acquired a new stake in shares of Iris Energy during the 1st quarter valued at about $72,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Iris Energy during the 4th quarter valued at about $84,000. Finally, Olympiad Research LP acquired a new stake in shares of Iris Energy during the 4th quarter valued at about $173,000. Hedge funds and other institutional investors own 41.08% of the company's stock.
Iris Energy Company Profile (
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Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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