---
title: "Iris Energy (NASDAQ:IREN) Shares Gap Down   - What's Next?"
description: "Iris Energy (NASDAQ:IREN) shares gapped down from $7.70 to $7.27 before closing at $6.86, with significant trading volume. Analysts have mixed ratings, with JPMorgan maintaining a \"neutral\" rating and"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/231410392.md"
published_at: "2025-03-11T16:36:40.000Z"
---

# Iris Energy (NASDAQ:IREN) Shares Gap Down   - What's Next?

> Iris Energy (NASDAQ:IREN) shares gapped down from $7.70 to $7.27 before closing at $6.86, with significant trading volume. Analysts have mixed ratings, with JPMorgan maintaining a "neutral" rating and a $15.00 price target, while B. Riley and Macquarie raised their targets to $16.00 and $19.00, respectively. The stock has an average rating of "Moderate Buy" and a target price of $20.70. Iris Energy reported earnings of $0.09 per share, exceeding estimates, but has a negative net margin of 17.94%. Institutional investors hold 41.08% of the stock.

Shares of Iris Energy Limited (NASDAQ:IREN - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $7.70, but opened at $7.27. Iris Energy shares last traded at $6.86, with a volume of 2,482,566 shares trading hands.

## Wall Street Analyst Weigh In

IREN has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price objective (up previously from $9.50) on shares of Iris Energy in a research report on Tuesday, December 10th. Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a research note on Thursday, February 13th. B. Riley lifted their target price on Iris Energy from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Macquarie lifted their price objective on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group upped their price target on Iris Energy from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.70.

**Get Our Latest Research Report on IREN**

## Iris Energy Stock Performance

The business has a 50-day moving average price of $10.78 and a 200-day moving average price of $10.17.

Iris Energy (NASDAQ:IREN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative net margin of 17.94% and a negative return on equity of 3.98%. As a group, analysts expect that Iris Energy Limited will post 0.43 earnings per share for the current fiscal year.

## Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft boosted its position in shares of Iris Energy by 66.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company's stock valued at $1,228,000 after acquiring an additional 50,000 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Iris Energy by 13.4% in the 4th quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company's stock valued at $549,000 after acquiring an additional 6,601 shares during the period. Main Management ETF Advisors LLC purchased a new position in shares of Iris Energy during the 3rd quarter worth approximately $760,000. Geode Capital Management LLC increased its holdings in Iris Energy by 56.3% in the 3rd quarter. Geode Capital Management LLC now owns 735,071 shares of the company's stock valued at $6,204,000 after purchasing an additional 264,883 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Iris Energy during the fourth quarter worth $120,000. Hedge funds and other institutional investors own 41.08% of the company's stock.

## Iris Energy Company Profile

(Get Free Report)

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

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| IREN 股票是否準備迎來新一輪上漲？以下是羣眾智慧的顯示 | AI 雲公司 Iren Limited（IREN）的股票在週五上漲了 5.47%，此前在第二季度財報未達預期後，股價在前三天內表現疲軟。分析師和投資者的樂觀情緒結合在一起——正如 TipRanks Crowd Wisdom 工具所顯示——暗 | [Link](https://longbridge.com/en/news/276060481.md) |
| 為什麼 IREN 股票今天下跌，以及為什麼有投資者表示 ‘忽略噪音’ | IREN（納斯達克代碼：IREN）股價因貸款方對一項 40 億美元融資交易的猶豫而下跌 7%，引發了對小型人工智能基礎設施公司融資的擔憂。自 1 月份以來，該股已下跌 36%，受到與人工智能相關的壓力以及最近 184.7 百萬美元的營收未達 | [Link](https://longbridge.com/en/news/276485483.md) |
| 期權市場向我們揭示了關於 IREN 的哪些信息 | 資金雄厚的投資者對 IREN（NASDAQ:IREN）持樂觀態度，其中 53% 看漲，26% 看跌。Benzinga 的期權掃描儀顯示出 26 個顯著的期權活動，暗示可能出現重大波動。IREN 的預測價格區間為 1.0 美元至 110.0  | [Link](https://longbridge.com/en/news/276149974.md) |
| IREN 股票從暴跌中逆轉——分析師對接下來的走勢有何看法 | Iren Limited 的股票在盤前交易中上漲約 3%，此前因被納入 MSCI USA 指數而下跌 6%。該股的下跌與主要公司對人工智能支出的擔憂有關。儘管在 2026 年第二季度報告了顯著虧損，分析師們仍建議可能會出現反彈，12 位分析 | [Link](https://longbridge.com/en/news/275909251.md) |
| 為什麼 IREN 的股票在十二月暴跌 | 即使在經歷了艱難的一個月後，IREN 的股票在過去一年中仍然上漲了四倍 | [Link](https://longbridge.com/en/news/272114335.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
