Dynamic Technology Lab Private Ltd Invests $1.37 Million in Iris Energy Limited (NASDAQ:IREN)

Dynamic Technology Lab Private Ltd acquired a new stake in Iris Energy Limited (NASDAQ:IREN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 162,412 shares of the company’s stock, valued at approximately $1,371,000.

Other large investors have also recently bought and sold shares of the company. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Iris Energy in the third quarter worth about $77,000. Covestor Ltd bought a new position in shares of Iris Energy in the 3rd quarter valued at approximately $87,000. Sippican Capital Advisors bought a new position in shares of Iris Energy in the 3rd quarter valued at approximately $94,000. Bluefin Capital Management LLC acquired a new stake in Iris Energy in the 2nd quarter worth approximately $113,000. Finally, PEAK6 Investments LLC bought a new stake in Iris Energy during the first quarter worth approximately $133,000. 41.08% of the stock is currently owned by institutional investors.

Iris Energy Trading Down 8.2 %

NASDAQ IREN opened at $9.56 on Wednesday. Iris Energy Limited has a twelve month low of $3.41 and a twelve month high of $15.75. The firm has a 50-day simple moving average of $9.29 and a 200 day simple moving average of $9.43.

Wall Street Analysts Forecast Growth

IREN has been the topic of a number of recent analyst reports. Compass Point dropped their price target on shares of Iris Energy from $18.50 to $16.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. B. Riley dropped their target price on shares of Iris Energy from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Roth Mkm started coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They set a “buy” rating and a $14.00 price target for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price target on shares of Iris Energy in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $20.00 price objective on shares of Iris Energy in a research report on Wednesday, October 30th. One investment 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.44.

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.