Chicago Partners Investment Group LLC Boosts Stock Holdings in Iris Energy Limited (NASDAQ:IREN)

Chicago Partners Investment Group LLC boosted its stake in shares of Iris Energy Limited (NASDAQ:IREN) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,515 shares of the company’s stock after purchasing an additional 6,347 shares during the period. Chicago Partners Investment Group LLC’s holdings in Iris Energy were worth $473,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IREN. VitalStone Financial LLC raised its stake in Iris Energy by 373.9% during the first quarter. VitalStone Financial LLC now owns 13,980 shares of the company’s stock worth $71,000 after purchasing an additional 11,030 shares during the period. AFG Fiduciary Services Limited Partnership purchased a new position in Iris Energy during the third quarter worth approximately $77,000. Sippican Capital Advisors purchased a new position in Iris Energy during the third quarter worth approximately $94,000. Bluefin Capital Management LLC purchased a new position in Iris Energy during the second quarter worth approximately $113,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Iris Energy in the 1st quarter valued at $133,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Wall Street Analysts Forecast Growth

IREN has been the topic of a number of research reports. B. Riley cut their target price 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. Compass Point cut their target price on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Roth Capital raised shares of Iris Energy to a “strong-buy” rating in a research note on Tuesday, October 1st. HC Wainwright cut their target price on shares of Iris Energy from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein initiated coverage on shares of Iris Energy in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.44.

Iris Energy Price Performance

Shares of IREN stock opened at $8.51 on Tuesday. Iris Energy Limited has a 1-year low of $2.79 and a 1-year high of $15.75. The firm has a fifty day moving average of $8.29 and a two-hundred day moving average of $8.80.

About Iris Energy

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