21,000 Shares in IREN Limited $IREN Bought by Mission Wealth Management LP

Mission Wealth Management LP bought a new position in IREN Limited (NASDAQ:IREN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $986,000.

Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of IREN in the third quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in IREN during the 3rd quarter worth about $74,000. CWM LLC acquired a new position in IREN during the 3rd quarter worth about $165,000. Advisors Asset Management Inc. grew its position in shares of IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after buying an additional 1,839 shares during the last quarter. Finally, Pinnacle Financial Partners Inc acquired a new stake in shares of IREN in the third quarter valued at about $213,000. 41.08% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Yahoo publishes a bull-case thesis highlighting catalysts (AI transition, potential partnerships and valuation upside) that could support a longer-term rerating if execution continues. IREN Limited (IREN): A Bull Case Theory
• Positive Sentiment: Brokerage coverage is tilted positive: IREN was given an average rating of “Moderate Buy,” which may provide support if earnings don’t disappoint and could attract institutional interest. IREN Limited (NASDAQ:IREN) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: Analysis argues the AI transition tailwind is underpriced for IREN — if the company captures AI-related revenue/partnerships, forward earnings could expand and justify higher multiples. This is a structural bull argument for longer-horizon investors. IREN: Why The AI Transition Still Isn’t Fully Priced In
• Positive Sentiment: Speculative coverage suggests a Microsoft-related deal could be a meaningful catalyst; if confirmed, such a partnership would be a near-term growth/visibility positive (currently speculative). Iren Stock Could Explode After This Microsoft Deal
• Neutral Sentiment: Valuation note: a recent piece reviews IREN’s strong revenue growth and volatile share price after earnings — useful context for investors but mixed in near-term directional impact. Assessing IREN (IREN) Valuation After Strong Earnings And Volatile Share Price Performance
• Negative Sentiment: Immediate sell pressure — IREN plunged ~14% ahead of Q2 earnings on Feb. 4 amid heavy retail selling and accusations of market manipulation; that panic selling and elevated pre-earnings uncertainty are the primary reasons the stock is down today. IREN stock dives 14% today ahead of Q2 earnings as retail calls the move ‘market manipulation’ – what are analysts expecting?

IREN Stock Performance

Shares of IREN stock opened at $44.94 on Thursday. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 23.16 and a beta of 4.27. IREN Limited has a 52 week low of $5.13 and a 52 week high of $76.87. The firm has a 50 day moving average of $46.78 and a 200-day moving average of $42.27. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company had revenue of $240.30 million during the quarter, compared to analyst estimates of $244.60 million. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities analysts forecast that IREN Limited will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. HC Wainwright upgraded shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, January 13th. Citizens Jmp began coverage on shares of IREN in a research report on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 price target on the stock. Compass Point reiterated a “buy” rating and set a $105.00 price objective on shares of IREN in a research report on Friday, November 7th. Finally, Zacks Research raised shares of IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, IREN has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.