By james art 
Apollon Wealth Management LLC has purchased a new share in Iris Energy Limited shares (NASDAQ: Iren – Free Report) in the fourth quarter, according to his latest disclosure to the Securities and Exchange Commission. The institutional investor purchased 15,884 shares from the company, estimated at approximately $ 156,000.
Other institutional investors have also recently changed their shares to the company. R Squared LTD bought a new position in Iris Energy in the 4th quarter worth about $ 37,000. Covestor LTD purchased a new share in Iris Energy in the third quarter worth $ 87,000. Sippican Capital Advisors purchased a new share in Iris Energy in the third quarter worth $ 94,000. Chesapeake Capital Corp IL increased its position in Iris Energy by 27.9% in the third quarter. Chesapeake Capital Corp IL now holds 17,695 shares of the company of $ 157,000 after the purchase of an additional 3,861 shares in the last quarter. Finally, True Independence Asset Management 2 LLC purchased a new position in Iris Energy shares in the fourth quarter worth approximately $ 163,000. 41.08% of the shares are owned by hedge funds and other institutional investors.
Iris energy efficiency
Iris Energy shares opened $ 13.01 on Friday. The business has a 50-day movable average price of $ 11.65 and a 200-day average price of $ 9.99. Iris Energy Limited has a twelve -month minimum of $ 4,15 and twelve months tall $ 15.92.
IRIS ENERGY (NASDAQ: Iren – Get Free Report) last released its three -month profit results on Wednesday, February 12th. The company reported a $ 0.09 profit per quarter by winning a consensus estimate of ($ 0.04) by $ 0.13. Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%. Sales analysts expect that Iris Energy Limited will publish 0.11 EPS for the current year.
Wall Street analyst weighs
Several brokers have recently reached out to Iren. BTIG Research has started reflecting Iris Energy shares in a research note on Friday, December 20. They set the “Buy” rating and a price price of $ 33.00 per share. The Canaccord Genosis Group raised its target price for Iris Energy from $ 17.00 to $ 23.00 and gave the company a rating “Buy” in a research report on Thursday. HC Wainwright has raised its price price to Iris Energy from $ 16.00 to $ 22.00 and gave the rating “Buy” in a Thursday study report. JPMORGAN Chase & Co. He confirmed a “neutral” rating and set a price price of $ 15.00 (earlier than $ 9.50) for Iris Energy shares in a report on Tuesday, December 10th. Finally, Macquarie increased its price value of Iris Energy shares from $ 13.50 to $ 19.00 and gave the rating “surpass” in a Wednesday research note, December 4th. Two investment analysts have evaluated the shares with a detention rating, nine have set a purchase rating, and one gave a strong rating for the company’s purchase. According to Marketbeat.com, the action currently has an average “moderate purchase” rating and a targeted consensus price of $ 20.70.
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Iris Energy Limited has and manages bitcoin production centers. The company was registered in 2018 and is headquartered in Sydney, Australia.
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