Centaurus Financial Inc. Takes $272,000 Position in Iris Energy Limited (NASDAQ:IREN)

Centaurus Financial Inc. acquired a new stake in shares of Iris Energy Limited (NASDAQ:IREN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,223 shares of the company’s stock, valued at approximately $272,000.

Other large investors have also recently made changes to their positions in the company. PEAK6 Investments LLC purchased a new stake in Iris Energy in the first quarter valued at $133,000. Goldentree Asset Management LP purchased a new stake in Iris Energy in the first quarter valued at $626,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Iris Energy by 1,521.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 188,051 shares of the company’s stock valued at $2,123,000 after purchasing an additional 176,451 shares during the last quarter. MKP Capital Management L.L.C. purchased a new stake in Iris Energy in the second quarter valued at $3,139,000. Finally, X Square Capital LLC purchased a new stake in Iris Energy in the second quarter valued at $508,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IREN shares. Canaccord Genuity Group upped their price target on shares of Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. Compass Point decreased their price objective on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 30th. 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 price objective for the company. HC Wainwright upped their price objective on shares of Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Macquarie upped their price objective on shares of Iris Energy from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $16.33.

Iris Energy Stock Up 29.7 %

NASDAQ:IREN opened at $12.40 on Thursday. The company has a 50 day moving average price of $9.32 and a 200 day moving average price of $9.46. Iris Energy Limited has a fifty-two week low of $3.56 and a fifty-two week high of $15.75.

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.