NASDAQ:IREN - Free Report ) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,485,909 shares of the company's stock after purchasing an additional 368,140 shares during the period. Van ECK Associates Corp owned about 2.23% of Iris Energy worth $10,624,000 as of its most recent SEC filing.
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A number of other large investors have also made changes to their positions in IREN. Tucker Asset Management LLC purchased a new stake in Iris Energy during the third quarter valued at approximately $47,000. Vontobel Holding Ltd. grew its holdings in Iris Energy by 123.2% during the fourth quarter. Vontobel Holding Ltd. now owns 62,791 shares of the company's stock valued at $449,000 after purchasing an additional 34,662 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Iris Energy by 47.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 613,818 shares of the company's stock worth $4,389,000 after buying an additional 196,635 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Iris Energy by 52.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,037,420 shares of the company's stock valued at $7,418,000 after buying an additional 356,752 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of equities research analysts have commented on IREN shares. B. Riley decreased their target price on shares of Iris Energy from $10.00 to $9.50 and set a "buy" rating on the stock in a research note on Friday, March 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 target price on shares of Iris Energy in a report on Thursday, March 28th. Canaccord Genuity Group restated a "buy" rating and issued a $9.00 price objective on shares of Iris Energy in a research report on Thursday, March 28th. Finally, HC Wainwright reiterated a "buy" rating and set a $10.00 target price on shares of Iris Energy in a research report on Tuesday, April 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Iris Energy presently has an average rating of "Buy" and an average target price of $12.00.
View Our Latest Analysis on IREN
Iris Energy Price Performance Shares of NASDAQ:IREN traded up $0.16 during mid-day trading on Friday, reaching $4.73. The stock had a trading volume of 4,464,302 shares, compared to its average volume of 8,996,457. The business's 50 day moving average price is $5.26 and its 200 day moving average price is $5.05. 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 quarterly earnings data on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $42.57 million during the quarter, compared to analyst estimates of $37.58 million. On average, equities research analysts forecast that Iris Energy Limited will post 0.08 earnings per share for the current fiscal year.
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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