Dockside LLC Buys Shares of 29,231 IREN Limited $IREN

Dockside LLC bought a new stake in IREN Limited (NASDAQ:IREN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,231 shares of the company’s stock, valued at approximately $1,104,000.

Other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in IREN by 257.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 26,958 shares of the company’s stock valued at $1,018,000 after buying an additional 19,423 shares during the last quarter. Sanctuary Advisors LLC lifted its position in IREN by 282.2% in the fourth quarter. Sanctuary Advisors LLC now owns 46,224 shares of the company’s stock valued at $1,746,000 after buying an additional 34,129 shares during the last quarter. Avaii Wealth Management LLC lifted its position in IREN by 208.9% in the fourth quarter. Avaii Wealth Management LLC now owns 145,767 shares of the company’s stock valued at $5,506,000 after buying an additional 98,581 shares during the last quarter. Private Advisor Group LLC lifted its position in IREN by 12.7% in the third quarter. Private Advisor Group LLC now owns 781,666 shares of the company’s stock valued at $36,684,000 after buying an additional 88,081 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in IREN in the fourth quarter valued at about $939,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Freedom Capital raised shares of IREN to a “hold” rating in a research report on Wednesday, April 1st. Sanford C. Bernstein set a $96.00 target price on shares of IREN in a research report on Thursday, June 4th. BTIG Research upped their target price on shares of IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. HC Wainwright upped their target price on shares of IREN to $85.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.62.

IREN Price Performance

Shares of IREN opened at $59.77 on Monday. The stock has a market capitalization of $21.36 billion, a PE ratio of 124.52 and a beta of 4.22. IREN Limited has a 1 year low of $9.52 and a 1 year high of $76.87. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The company’s 50-day simple moving average is $51.99 and its 200-day simple moving average is $46.96.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The business had revenue of $144.80 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. Analysts forecast that IREN Limited will post -1.25 earnings per share for the current fiscal year.

IREN Profile

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