Wedbush Securities Inc. Buys Shares of 12,740 IREN Limited $IREN

Wedbush Securities Inc. bought a new position in shares of IREN Limited (NASDAQ:IREN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,740 shares of the company’s stock, valued at approximately $598,000.

A number of other large investors have also made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in IREN during the third quarter worth about $25,000. SLT Holdings LLC lifted its position in shares of IREN by 6.0% during the 3rd quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock valued at $497,000 after acquiring an additional 600 shares during the period. Drive Wealth Management LLC boosted its stake in shares of IREN by 3.0% during the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock worth $596,000 after acquiring an additional 1,179 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of IREN by 5.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,393 shares of the company’s stock worth $1,051,000 after acquiring an additional 1,233 shares during the period. Finally, Sherman Asset Management Inc. acquired a new stake in shares of IREN in the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

IREN Price Performance

NASDAQ:IREN opened at $42.31 on Monday. IREN Limited has a 12-month low of $5.13 and a 12-month high of $76.87. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 31.81 and a beta of 4.26. The company’s 50-day moving average is $46.28 and its two-hundred day moving average is $43.67. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The firm had revenue of $184.69 million during the quarter, compared to analyst estimates of $229.64 million. IREN’s revenue was down 23.1% compared to the same quarter last year. Research analysts expect that IREN Limited will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Macquarie Infrastructure upped their target price on IREN to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Wall Street Zen lowered shares of IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Citizens Jmp began coverage on shares of IREN in a research note on Wednesday, November 19th. They issued a “market outperform” rating and a $80.00 price objective on the stock. JMP Securities set a $80.00 target price on shares of IREN in a research report on Wednesday, November 19th. Finally, UBS Group reaffirmed a “buy” rating on shares of IREN in a report on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, IREN currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.29.

About IREN

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.