US Bancorp DE Takes $69,000 Position in IREN Limited $IREN

US Bancorp DE acquired a new stake in IREN Limited (NASDAQ:IREN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,360 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors also recently modified their holdings of IREN. Crewe Advisors LLC bought a new stake in shares of IREN in the 1st quarter valued at $39,000. Main Management LLC acquired a new position in shares of IREN during the 4th quarter valued at $49,000. Tower Research Capital LLC TRC lifted its position in shares of IREN by 1,059.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,368 shares of the company’s stock valued at $82,000 after acquiring an additional 7,646 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of IREN during the 1st quarter valued at $91,000. Finally, Farther Finance Advisors LLC lifted its position in shares of IREN by 57.3% during the 1st quarter. Farther Finance Advisors LLC now owns 15,654 shares of the company’s stock valued at $104,000 after acquiring an additional 5,700 shares during the period. 41.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HC Wainwright dropped their target price on shares of IREN from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. Canaccord Genuity Group reiterated a “buy” rating and set a $23.00 target price on shares of IREN in a research report on Friday, May 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 target price (up previously from $12.00) on shares of IREN in a research report on Monday, July 28th. Macquarie boosted their target price on shares of IREN from $15.50 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Finally, B. Riley reiterated a “buy” rating and set a $22.00 target price (up previously from $15.00) on shares of IREN in a research report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.89.

IREN Stock Performance

IREN opened at $20.70 on Tuesday. The company’s fifty day moving average price is $15.52 and its two-hundred day moving average price is $10.66. IREN Limited has a 1-year low of $5.13 and a 1-year high of $21.54.

IREN Company 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.