2 weeks Ago By ABMN Staff
Daiwa Securities Group Inc. reduced its stake in Iris Energy Limited ( NASDAQ:IREN – Free Report ) by 48.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 42,905 shares of the company’s stock after selling 39,683 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Iris Energy were worth $484,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC boosted its position in shares of Iris Energy by 373.9% during the first quarter.
VitalStone Financial LLC now owns 13,980 shares of the company’s stock worth $71,000 after buying an additional 11,030 shares during the period. CCG Wealth Management LLC acquired a new stake in shares of Iris Energy in the 1st quarter valued at $72,000. PEAK6 Investments LLC acquired a new stake in shares of Iris Energy in the 1st quarter valued at $133,000.
Olympiad Research LP acquired a new stake in Iris Energy during the 4th quarter worth $173,000. Finally, Chesapeake Capital Corp IL acquired a new stake in Iris Energy during the 4th quarter worth $221,000. Institutional investors and hedge funds own 41.
08% of the company’s stock. Analyst Ratings Changes IREN has been the topic of several research analyst reports. Cantor Fitzgerald cut their price target on shares of Iris Energy from $23.
00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Compass Point dropped their price objective on shares of Iris Energy from $18.
50 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Needham & Company LLC assumed coverage on shares of Iris Energy in a research note on Wednesday, September 4th.
They issued a “hold” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Iris Energy in a report on Wednesday, July 10th.
They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Macquarie lifted their target price on shares of 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 and eight have given a buy rating to the stock.
Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.63. Iris Energy Trading Up 2.
2 % IREN opened at $7.73 on Tuesday. Iris Energy Limited has a 52-week low of $2.
79 and a 52-week high of $15.75. The company has a 50 day moving average of $8.
98 and a two-hundred day moving average of $7.95. Iris Energy Profile ( Free Report ) Iris Energy Limited owns and operates bitcoin mining data centers.
The company was incorporated in 2018 and is headquartered in Sydney, Australia. Read More Want to see what other hedge funds are holding IREN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iris Energy Limited ( NASDAQ:IREN – Free Report ).
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