Iris Energy (IREN) – Research Analysts’ Recent Ratings Updates

Iris Energy (NASDAQ: IREN) has recently received a number of price target changes and ratings updates:

• 2/13/2025 – Iris Energy had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $23.00 price target on the stock.
• 2/13/2025 – Iris Energy had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 2/13/2025 – Iris Energy had its price target raised by analysts at Canaccord Genuity Group Inc. from $17.00 to $23.00. They now have a “buy” rating on the stock.
• 2/13/2025 – Iris Energy had its price target raised by analysts at HC Wainwright from $16.00 to $22.00. They now have a “buy” rating on the stock.

Iris Energy Stock Performance

Shares of IREN stock opened at $7.57 on Tuesday. The stock’s fifty day moving average is $11.14 and its 200-day moving average is $10.19. Iris Energy Limited has a 52 week low of $4.15 and a 52 week high of $15.92.

Iris Energy (NASDAQ:IREN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. As a group, analysts predict that Iris Energy Limited will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Iris Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IREN. Stonebridge Financial Group LLC bought a new position in Iris Energy during the fourth quarter worth about $29,000. HM Payson & Co. bought a new position in Iris Energy during the fourth quarter worth about $30,000. R Squared Ltd bought a new position in Iris Energy during the fourth quarter worth about $37,000. Main Management LLC bought a new position in Iris Energy during the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Iris Energy by 1,059.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock worth $82,000 after buying an additional 7,646 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.

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