92,604 Shares in Iris Energy Limited (NASDAQ:IREN) Bought by Corsair Capital Management L.P.

Corsair Capital Management L.P. acquired a new stake in Iris Energy Limited (NASDAQ:IREN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 92,604 shares of the company’s stock, valued at approximately $782,000.

Several other institutional investors and hedge funds also recently bought and sold shares of IREN. Russell Investments Group Ltd. bought a new position in Iris Energy in the 1st quarter valued at $893,000. PEAK6 Investments LLC acquired a new position in shares of Iris Energy during the first quarter worth $133,000. Goldentree Asset Management LP purchased a new stake in Iris Energy in the first quarter valued at about $626,000. Cambridge Investment Research Advisors Inc. grew its position in Iris Energy by 1,521.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 188,051 shares of the company’s stock worth $2,123,000 after purchasing an additional 176,451 shares during the last quarter. Finally, MKP Capital Management L.L.C. purchased a new position in Iris Energy in the 2nd quarter worth $3,139,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Iris Energy Price Performance

Shares of IREN opened at $10.47 on Wednesday. Iris Energy Limited has a 12 month low of $3.56 and a 12 month high of $15.75. The stock’s 50 day moving average is $9.32 and its two-hundred day moving average is $9.46.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on IREN shares. Roth Capital raised shares of Iris Energy to a “strong-buy” rating in a research report on Tuesday, October 1st. Macquarie boosted their target price on shares of Iris Energy from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Friday, August 30th. Canaccord Genuity Group increased their price target on Iris Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday. B. Riley decreased their price objective on Iris Energy from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, HC Wainwright raised their target price on Iris Energy from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Iris Energy presently has an average rating of “Buy” and an average target price of $16.00.

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.