United Advisor Group LLC Sells 45,232 Shares of IREN Limited $IREN

United Advisor Group LLC lowered its stake in IREN Limited (NASDAQ:IREN) by 69.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,870 shares of the company’s stock after selling 45,232 shares during the quarter. United Advisor Group LLC’s holdings in IREN were worth $812,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Situational Awareness LP boosted its stake in IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock worth $401,036,000 after buying an additional 2,998,214 shares during the period. Swiss National Bank acquired a new stake in shares of IREN during the first quarter valued at about $33,032,000. Amundi increased its position in shares of IREN by 3,865.8% during the first quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after acquiring an additional 823,803 shares during the last quarter. Bank of America Corp DE raised its stake in shares of IREN by 58.4% in the 1st quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock valued at $73,312,000 after acquiring an additional 788,547 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of IREN in the 1st quarter valued at approximately $20,878,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IREN. Needham & Company LLC restated a “hold” rating on shares of IREN in a report on Tuesday, July 21st. Morgan Stanley downgraded shares of IREN to a “buy” rating in a report on Wednesday, September 2nd. Rothschild & Co Redburn began coverage on IREN in a research report on Monday, September 21st. They issued a “neutral” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. upgraded IREN from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $65.00 in a research note on Monday, September 14th. Finally, HC Wainwright decreased their price target on IREN from $74.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IREN currently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

IREN Stock Performance

NASDAQ IREN opened at $21.64 on Friday. The company has a market cap of $8.53 billion, a P/E ratio of -5.30 and a beta of 4.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. The stock has a 50-day moving average of $35.87 and a two-hundred day moving average of $43.60. IREN Limited has a 1-year low of $17.16 and a 1-year high of $70.71.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.06. The company had revenue of $228.00 million for the quarter, compared to analyst estimates of $228.26 million. IREN had a negative net margin of 194.36% and a negative return on equity of 18.98%. As a group, analysts anticipate that IREN Limited will post -0.49 EPS for the current year.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

IREN Profile

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.

Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.