Iris Energy Limited (NASDAQ:IREN – Free Report) – Research analysts at Roth Capital upped their Q2 2025 EPS estimates for Iris Energy in a research report issued on Tuesday, January 7th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.02). Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Iris Energy’s current full-year earnings is $0.09 per share.
IREN has been the subject of a number of other research reports. Canaccord Genuity Group boosted their target price on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Wednesday, November 27th. HC Wainwright boosted their price target on Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald boosted their price target on Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Roth Mkm began coverage on Iris Energy in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 price target for the company. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Iris Energy currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.
Iris Energy Stock Up 4.7 %
IREN stock opened at $11.00 on Friday. The company has a fifty day moving average price of $11.58 and a two-hundred day moving average price of $10.09. Iris Energy has a one year low of $3.56 and a one year high of $15.92.
Hedge Funds Weigh In On Iris Energy
Hedge funds have recently made changes to their positions in the business. AFG Fiduciary Services Limited Partnership bought a new stake in shares of Iris Energy during the third quarter valued at approximately $77,000. Covestor Ltd bought a new stake in shares of Iris Energy during the third quarter valued at approximately $87,000. Sippican Capital Advisors bought a new stake in shares of Iris Energy during the third quarter valued at approximately $94,000. Bluefin Capital Management LLC bought a new stake in Iris Energy in the second quarter worth $113,000. Finally, Seven Eight Capital LP bought a new stake in Iris Energy in the second quarter worth $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.
Iris Energy Company Profile
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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