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

Keystone Investors PTE Ltd. grew its position in IREN Limited (NASDAQ:IREN) by 225.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,020 shares of the company’s stock after acquiring an additional 11,100 shares during the period. Keystone Investors PTE Ltd.’s holdings in IREN were worth $605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. boosted its stake in IREN by 1.1% in the 3rd 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 boosted its stake in IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock worth $75,000 after purchasing an additional 335 shares during the period. Vise Technologies Inc. boosted its stake in IREN by 7.9% in the 4th quarter. Vise Technologies Inc. now owns 5,780 shares of the company’s stock worth $218,000 after purchasing an additional 424 shares during the period. Miller Wealth Advisors LLC boosted its stake in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in IREN in the 4th quarter worth $26,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN Stock Up 5.4%

Shares of IREN stock opened at $59.77 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The firm’s 50-day moving average is $51.99 and its 200-day moving average is $46.98. The stock has a market cap of $21.36 billion, a price-to-earnings ratio of 124.52 and a beta of 4.22. IREN Limited has a 52-week low of $9.52 and a 52-week high of $76.87.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Freedom Capital raised shares of IREN to a “hold” rating in a research note on Wednesday, April 1st. Sanford C. Bernstein set a $96.00 target price on shares of IREN in a research note on Thursday, June 4th. HC Wainwright upped their target price on shares of IREN to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, B. Riley Financial upped their target price on shares of IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.62.

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.