Evolution Wealth Advisors LLC Buys Shares of 44,050 Iris Energy Limited (NASDAQ:IREN)

Evolution Wealth Advisors LLC purchased a new stake in Iris Energy Limited (NASDAQ:IREN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,050 shares of the company’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in shares of Iris Energy by 3.2% during the 2nd quarter. Truist Financial Corp now owns 51,575 shares of the company’s stock worth $582,000 after acquiring an additional 1,575 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Iris Energy by 13.2% in the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after acquiring an additional 6,347 shares during the last quarter. Bluefin Capital Management LLC purchased a new stake in Iris Energy during the second quarter worth approximately $113,000. AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Iris Energy in the third quarter worth about $77,000. Finally, Covestor Ltd acquired a new stake in Iris Energy during the 3rd quarter valued at $87,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Iris Energy Stock Up 3.3 %

IREN stock opened at $10.67 on Friday. Iris Energy Limited has a 1 year low of $2.79 and a 1 year high of $15.75. The company has a fifty day simple moving average of $8.96 and a 200 day simple moving average of $9.14.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IREN. B. Riley decreased their price objective on shares of Iris Energy from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, September 13th. Needham & Company LLC initiated coverage on Iris Energy in a research note on Wednesday, September 4th. They issued a “hold” rating on the stock. HC Wainwright reduced their target price on shares of Iris Energy from $15.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. cut their price objective on Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a report on Friday, August 23rd. Finally, Macquarie increased their target price on Iris Energy from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Friday, August 30th. One analyst has 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.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.44.

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.