Iris Energy Limited (NASDAQ:IREN) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Iris Energy Limited (NASDAQ:IREN) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,923 shares of the company’s stock after buying an additional 6,601 shares during the period. Vontobel Holding Ltd.’s holdings in Iris Energy were worth $549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IREN. Stonebridge Financial Group LLC purchased a new position in shares of Iris Energy during the fourth quarter worth $29,000. Apollon Wealth Management LLC purchased a new position in shares of Iris Energy during the fourth quarter worth $156,000. Stratos Wealth Advisors LLC purchased a new position in shares of Iris Energy during the fourth quarter worth $789,000. Calamos Advisors LLC purchased a new position in shares of Iris Energy during the fourth quarter worth $1,899,000. Finally, Sippican Capital Advisors raised its holdings in shares of Iris Energy by 15.1% during the fourth quarter. Sippican Capital Advisors now owns 12,780 shares of the company’s stock worth $126,000 after purchasing an additional 1,680 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

Iris Energy Stock Up 0.2 %

Iris Energy stock opened at $13.00 on Thursday. Iris Energy Limited has a 12-month low of $4.15 and a 12-month high of $15.92. The firm’s 50-day moving average is $11.60 and its two-hundred day moving average is $10.07.

Iris Energy (NASDAQ:IREN) last released its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. On average, research analysts anticipate that Iris Energy Limited will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IREN. HC Wainwright lifted their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a report on Tuesday, December 10th. B. Riley lifted their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of Iris Energy in a report on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.70.

About Iris Energy

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