12,169 Shares in Iris Energy Limited (NASDAQ:IREN) Acquired by Private Advisor Group LLC

Private Advisor Group LLC bought a new position in shares of Iris Energy Limited (NASDAQ:IREN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,169 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds also recently made changes to their positions in IREN. Covestor Ltd bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $87,000. GSA Capital Partners LLP grew its stake in shares of Iris Energy by 49.7% during the 3rd quarter. GSA Capital Partners LLP now owns 49,482 shares of the company’s stock worth $418,000 after acquiring an additional 16,435 shares in the last quarter. Regal Partners Ltd grew its stake in shares of Iris Energy by 2.7% during the 3rd quarter. Regal Partners Ltd now owns 875,303 shares of the company’s stock worth $7,388,000 after acquiring an additional 23,132 shares in the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Iris Energy during the 3rd quarter worth approximately $372,000. Finally, Chesapeake Capital Corp IL grew its stake in shares of Iris Energy by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock worth $157,000 after acquiring an additional 3,861 shares in the last quarter. 41.08% of the stock is owned by institutional investors.

Iris Energy Stock Up 1.0 %

Shares of Iris Energy stock opened at $7.70 on Friday. The business has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $10.15. Iris Energy Limited has a 1 year low of $4.15 and a 1 year high of $15.92.

Iris Energy (NASDAQ:IREN) last posted its earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. Sell-side analysts predict that Iris Energy Limited will post 0.43 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on IREN. Needham & Company LLC reaffirmed a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $23.00 price objective on shares of Iris Energy in a report on Thursday, February 13th. BTIG Research initiated coverage on Iris Energy in a report on Friday, December 20th. They issued a “buy” rating and a $33.00 price objective for the company. Canaccord Genuity Group increased their price objective on Iris Energy from $17.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Macquarie increased their price objective on Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.70.

Iris Energy Profile

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