28,695 Shares in Iris Energy Limited (NASDAQ:IREN) Acquired by Harbour Capital Advisors LLC

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. AFG Fiduciary Services Limited Partnership bought a new position in shares of Iris Energy in the 3rd quarter worth $77,000. Covestor Ltd bought a new position in shares of Iris Energy in the 3rd quarter worth $87,000. Sippican Capital Advisors bought a new position in shares of Iris Energy in the 3rd quarter worth $94,000. Bluefin Capital Management LLC bought a new position in shares of Iris Energy in the 2nd quarter worth $113,000. Finally, Seven Eight Capital LP bought a new position in shares of Iris Energy in the 2nd quarter worth $146,000. Institutional investors own 41.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on IREN shares. BTIG Research started coverage on shares of Iris Energy in a report on Friday, December 20th. They issued a “buy” rating and a $33.00 price target on the stock. Roth Mkm started coverage on shares of Iris Energy in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $14.00 target price on the stock. Macquarie lifted their target price on shares of Iris Energy from $13.50 to $19.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Cantor Fitzgerald lifted their target price on shares of Iris Energy from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group lifted their target price on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Iris Energy presently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Iris Energy Stock Down 4.9 %

Shares of IREN opened at $10.46 on Tuesday. The firm’s 50-day moving average price is $11.62 and its 200-day moving average price is $10.05. Iris Energy Limited has a 1-year low of $3.56 and a 1-year high of $15.92.

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.