Harbour Capital Advisors LLC Makes New Investment in Iris Energy Limited (NASDAQ:IREN)

Harbour Capital Advisors LLC bought a new position in Iris Energy Limited (NASDAQ:IREN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,695 shares of the company’s stock, valued at approximately $282,000.

Several other large investors have also bought and sold shares of IREN. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Iris Energy in the second quarter worth about $779,000. Seven Eight Capital LP purchased a new position in Iris Energy in the second quarter worth about $146,000. Yarra Square Partners LP purchased a new position in Iris Energy in the second quarter worth about $1,490,000. D1 Capital Partners L.P. purchased a new position in Iris Energy in the second quarter worth about $17,319,000. Finally, Hood River Capital Management LLC purchased a new position in Iris Energy in the second quarter worth about $13,618,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Iris Energy Trading Down 4.9 %

IREN opened at $10.46 on Tuesday. The company has a 50 day simple moving average of $11.62 and a two-hundred day simple moving average of $10.05. Iris Energy Limited has a 1-year low of $3.56 and a 1-year high of $15.92.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IREN shares. Roth Mkm started coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price objective for the company. Cantor Fitzgerald boosted their price objective on shares of Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Roth Capital raised shares of Iris Energy to a “strong-buy” rating in a report on Tuesday, October 1st. Macquarie boosted their price objective on shares of Iris Energy from $13.50 to $19.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, HC Wainwright boosted their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. 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 company’s stock. According to data from MarketBeat, Iris Energy presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

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.