Keystone Investors PTE Ltd. Has $605,000 Stock Holdings in IREN Limited $IREN

Keystone Investors PTE Ltd. increased its position in shares of IREN Limited (NASDAQ:IREN) by 225.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,020 shares of the company’s stock after buying an additional 11,100 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in IREN were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its stake in IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $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 last quarter. Vise Technologies Inc. raised its stake in shares of IREN by 7.9% in the fourth quarter. Vise Technologies Inc. now owns 5,780 shares of the company’s stock valued at $218,000 after acquiring an additional 424 shares during the last quarter. Miller Wealth Advisors LLC raised its stake in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after acquiring an additional 480 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in shares of IREN in the fourth quarter valued at approximately $26,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IREN shares. Freedom Capital upgraded shares of IREN to a “hold” rating in a research note on Wednesday, April 1st. Weiss Ratings upgraded shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Canaccord Genuity Group lifted their target price on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald lifted their target price on shares of IREN from $77.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, B. Riley Financial lifted their target price on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.62.

IREN Trading Up 5.4%

NASDAQ IREN opened at $59.77 on Friday. IREN Limited has a 12 month low of $9.52 and a 12 month high of $76.87. The company has a market capitalization of $21.36 billion, a PE ratio of 124.52 and a beta of 4.22. 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 50-day simple moving average of $51.99 and a 200 day simple moving average of $46.98.

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

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.