Calamos Advisors LLC Makes New $1.90 Million Investment in Iris Energy Limited (NASDAQ:IREN)

Calamos Advisors LLC purchased a new stake in shares of Iris Energy Limited (NASDAQ:IREN) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 193,349 shares of the company’s stock, valued at approximately $1,899,000. Calamos Advisors LLC owned 0.10% of Iris Energy at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Baader Bank Aktiengesellschaft raised its holdings in Iris Energy by 66.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company’s stock worth $1,228,000 after purchasing an additional 50,000 shares during the last quarter. Main Management ETF Advisors LLC acquired a new position in shares of Iris Energy during the 3rd quarter worth $760,000. Van ECK Associates Corp boosted its position in shares of Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company’s stock worth $13,938,000 after buying an additional 576,726 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company’s stock valued at $416,000 after acquiring an additional 27,212 shares during the last quarter. Finally, Creative Planning increased its holdings in Iris Energy by 71.2% during the 3rd quarter. Creative Planning now owns 457,625 shares of the company’s stock valued at $3,862,000 after acquiring an additional 190,300 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price target (up from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. BTIG Research began coverage on Iris Energy in a report on Friday, December 20th. They set a “buy” rating and a $33.00 target price on the stock. B. Riley boosted their price target on Iris Energy from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Canaccord Genuity Group increased their price objective on Iris Energy from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald boosted their target price on shares of Iris Energy from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Iris Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Iris Energy Stock Performance

IREN opened at $10.68 on Wednesday. Iris Energy Limited has a 12 month low of $3.56 and a 12 month high of $15.92. The business has a 50-day moving average of $11.81 and a two-hundred day moving average of $9.86.

Iris Energy (NASDAQ:IREN) last issued its quarterly earnings results on Tuesday, November 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.11). Iris Energy had a negative return on equity of 8.01% and a negative net margin of 36.10%. Research analysts predict that Iris Energy Limited will post 0.11 EPS for the current fiscal year.

Iris Energy Profile

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