Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) by 52.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,420 shares of the company's stock after acquiring an additional 356,752 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.56% of Iris Energy worth $7,418,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IREN. UBS Group AG increased its holdings in shares of Iris Energy by 25.7% during the 1st quarter. UBS Group AG now owns 15,957 shares of the company's stock worth $49,000 after buying an additional 3,259 shares during the last quarter. Walleye Capital LLC increased its holdings in Iris Energy by 23.2% in the 3rd quarter. Walleye Capital LLC now owns 19,025 shares of the company's stock valued at $71,000 after purchasing an additional 3,579 shares in the last quarter. BlackRock Inc. increased its holdings in Iris Energy by 15.1% in the 2nd quarter. BlackRock Inc. now owns 64,428 shares of the company's stock valued at $300,000 after purchasing an additional 8,463 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Iris Energy in the 1st quarter valued at $32,000. Finally, Toroso Investments LLC acquired a new stake in Iris Energy in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 41.08% of the company's stock.
Iris Energy Stock Down 6.4 %
NASDAQ:IREN traded down $0.32 during mid-day trading on Friday, reaching $4.65. The stock had a trading volume of 6,524,341 shares, compared to its average volume of 11,640,366. The stock's 50 day simple moving average is $5.64 and its two-hundred day simple moving average is $4.93. Iris Energy Limited has a 1-year low of $2.79 and a 1-year high of $9.69.
Iris Energy (NASDAQ:IREN - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($0.07) EPS for the quarter. The business had revenue of $42.57 million during the quarter, compared to the consensus estimate of $37.58 million. Sell-side analysts predict that Iris Energy Limited will post 0.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on IREN. HC Wainwright reiterated a "buy" rating and issued a $10.00 price target on shares of Iris Energy in a report on Tuesday, April 2nd. B. Riley lowered their target price on Iris Energy from $10.00 to $9.50 and set a "buy" rating for the company in a research note on Friday, March 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 target price on shares of Iris Energy in a research report on Thursday, March 28th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $9.00 target price on shares of Iris Energy in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Iris Energy has an average rating of "Buy" and a consensus target price of $12.00.
Check Out Our Latest Stock Analysis on Iris Energy
Iris Energy Profile
(
Free Report)
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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