23,200 Shares in IREN Limited $IREN Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in IREN Limited (NASDAQ:IREN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 23,200 shares of the company’s stock, valued at approximately $1,089,000.

Several other large investors also recently modified their holdings of IREN. Centaurus Financial Inc. raised its stake in IREN by 1.1% during the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock valued at $1,477,000 after purchasing an additional 332 shares during the period. Larson Financial Group LLC raised its stake in shares of IREN by 26.7% in the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after acquiring an additional 335 shares during the period. Global Retirement Partners LLC bought a new stake in IREN in the third quarter worth about $25,000. SLT Holdings LLC lifted its position in shares of IREN by 6.0% during the third quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock worth $497,000 after purchasing an additional 600 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of IREN by 3.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,010 shares of the company’s stock valued at $1,174,000 after purchasing an additional 845 shares during the period. Institutional investors own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on IREN shares. HC Wainwright raised IREN from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 13th. Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. The Goldman Sachs Group began coverage on IREN in a research note on Thursday, December 18th. They set a “neutral” rating and a $39.00 price objective for the company. Wall Street Zen downgraded shares of IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

IREN Stock Down 0.8%

Shares of NASDAQ:IREN opened at $41.32 on Monday. IREN Limited has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 31.07 and a beta of 4.31. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average price is $46.37 and its 200 day moving average price is $47.38.

IREN (NASDAQ:IREN) last released its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company had revenue of $184.69 million during the quarter, compared to analyst estimates of $229.64 million. The business’s revenue was down 23.1% compared to the same quarter last year. As a group, equities research analysts predict that IREN Limited will post 0.43 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.