Centaurus Financial Inc. Makes New Investment in Iris Energy Limited (NASDAQ:IREN)

Centaurus Financial Inc. bought a new position in shares of Iris Energy Limited (NASDAQ:IREN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,223 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Iris Energy by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 362,026 shares of the company’s stock worth $3,055,000 after buying an additional 29,311 shares in the last quarter. Drive Wealth Management LLC acquired a new stake in shares of Iris Energy in the 3rd quarter valued at $316,000. Chesapeake Capital Corp IL raised its holdings in shares of Iris Energy by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 17,695 shares of the company’s stock valued at $157,000 after purchasing an additional 3,861 shares in the last quarter. Evolution Wealth Advisors LLC acquired a new stake in shares of Iris Energy in the 3rd quarter valued at $372,000. Finally, Regal Partners Ltd raised its holdings in shares of Iris Energy by 2.7% in the 3rd quarter. Regal Partners Ltd now owns 875,303 shares of the company’s stock valued at $7,388,000 after purchasing an additional 23,132 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

Iris Energy Price Performance

Shares of Iris Energy stock opened at $12.40 on Thursday. Iris Energy Limited has a 1 year low of $3.56 and a 1 year high of $15.75. The company’s fifty day moving average is $9.32 and its two-hundred day moving average is $9.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IREN shares. JPMorgan Chase & Co. reduced their price objective on shares of Iris Energy from $11.00 to $9.50 and set an “overweight” rating on the stock in a report on Friday, August 23rd. B. Riley cut their price target on shares of Iris Energy from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Needham & Company LLC reiterated a “hold” rating on shares of Iris Energy in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Macquarie lifted their price target on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Iris Energy has a consensus rating of “Buy” and a consensus price target of $16.33.

Iris Energy Company Profile

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.