29,231 Shares in IREN Limited $IREN Bought by Dockside LLC

Dockside LLC bought a new position in shares of IREN Limited (NASDAQ:IREN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,231 shares of the company’s stock, valued at approximately $1,104,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Miller Wealth Advisors LLC boosted its stake in IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in IREN during the 4th quarter worth $26,000. Clearstead Trust LLC acquired a new stake in IREN during the 4th quarter worth $27,000. Aventura Private Wealth LLC acquired a new stake in IREN during the 4th quarter worth $28,000. Finally, Motco acquired a new stake in IREN during the 4th quarter worth $30,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN Stock Performance

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

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on IREN shares. Sanford C. Bernstein set a $96.00 target price on shares of IREN in a research note on Thursday, June 4th. HC Wainwright lifted their target price on shares of IREN to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Freedom Capital raised shares of IREN to a “hold” rating in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group boosted their price target on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

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.