34,829 Shares in Iris Energy Limited (NASDAQ:IREN) Bought by Matauro LLC

Matauro LLC purchased a new position in Iris Energy Limited (NASDAQ:IREN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,829 shares of the company’s stock, valued at approximately $342,000.

Several other institutional investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new position in shares of Iris Energy in the fourth quarter worth about $29,000. R Squared Ltd purchased a new position in Iris Energy in the 4th quarter worth approximately $37,000. Covestor Ltd purchased a new stake in shares of Iris Energy during the third quarter valued at approximately $87,000. Sippican Capital Advisors purchased a new stake in shares of Iris Energy during the third quarter valued at approximately $94,000. Finally, Private Advisor Group LLC purchased a new position in shares of Iris Energy in the fourth quarter worth $120,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IREN has been the topic of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $23.00 price target on shares of Iris Energy in a report on Thursday, February 13th. BTIG Research began coverage on Iris Energy in a research note on Friday, December 20th. They issued a “buy” rating and a $33.00 target price for the company. Macquarie upped their price target on Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research report on Thursday, February 13th. Finally, B. Riley boosted their target price 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. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.70.

Iris Energy Trading Down 12.0 %

NASDAQ:IREN opened at $10.88 on Friday. The company’s 50 day moving average price is $11.53 and its 200-day moving average price is $10.10. Iris Energy Limited has a 52 week low of $4.15 and a 52 week high of $15.92.

Iris Energy (NASDAQ:IREN) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Iris Energy Limited will post 0.43 EPS for the current year.

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.