Matauro LLC Takes $342,000 Position in Iris Energy Limited (NASDAQ:IREN)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Iris Energy by 71.2% in the third quarter. Creative Planning now owns 457,625 shares of the company’s stock worth $3,862,000 after buying an additional 190,300 shares during the period. Sippican Capital Advisors purchased a new stake in Iris Energy in the 3rd quarter worth approximately $94,000. Gladstone Institutional Advisory LLC bought a new stake in Iris Energy during the 3rd quarter worth approximately $345,000. Chicago Partners Investment Group LLC lifted its holdings in Iris Energy by 13.2% during the third quarter. Chicago Partners Investment Group LLC now owns 54,515 shares of the company’s stock valued at $473,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Campbell Capital Management Inc. purchased a new position in Iris Energy during the third quarter valued at approximately $608,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Iris Energy Trading Down 12.0 %

NASDAQ:IREN opened at $10.88 on Friday. The business’s 50-day moving average is $11.53 and its 200 day moving average is $10.10. Iris Energy Limited has a 12 month low of $4.15 and a 12 month high of $15.92.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Iris Energy Limited will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IREN. HC Wainwright raised their price objective on shares of Iris Energy from $16.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. B. Riley increased their price target on Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. BTIG Research started coverage on Iris Energy in a research report on Friday, December 20th. They issued a “buy” rating and a $33.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a research note on Tuesday, December 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Iris Energy in a research note on Thursday, February 13th. Two 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 data from MarketBeat, the stock currently 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.