Private Advisor Group LLC Purchases 88,081 Shares of IREN Limited $IREN

Private Advisor Group LLC increased its holdings in IREN Limited (NASDAQ:IREN) by 12.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 781,666 shares of the company’s stock after buying an additional 88,081 shares during the period. Private Advisor Group LLC’s holdings in IREN were worth $36,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IREN. Envestnet Asset Management Inc. bought a new stake in IREN during the second quarter worth $255,000. Fox Run Management L.L.C. boosted its position in IREN by 9.1% in the second quarter. Fox Run Management L.L.C. now owns 30,244 shares of the company’s stock worth $441,000 after purchasing an additional 2,530 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IREN by 19.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,165 shares of the company’s stock valued at $352,000 after purchasing an additional 3,897 shares during the period. Evolution Wealth Advisors LLC increased its position in shares of IREN by 66.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 128,550 shares of the company’s stock valued at $1,873,000 after purchasing an additional 51,330 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of IREN during the 2nd quarter valued at $146,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed a Buy rating on IREN, which supports investor confidence in the company’s strategy and helps explain upward pressure on the stock. Cantor Fitzgerald Sticks to Their Buy Rating for IREN (IREN)
• Positive Sentiment: Company co‑CEO publicly defended the US$6B ATM plan and framed the GPU/data‑center expansion as likely to deliver outsized returns, which reassures growth‑oriented investors that management is committed to scaling AI cloud services. IREN co-CEO defends $6B equity plan as AI boom fuels massive data center spending: ‘Likely to deliver outsized returns’
• Positive Sentiment: Analysis pieces (e.g., Seeking Alpha) argue the GPU spending is strategic rather than reckless, helping justify the capital outlay if revenue from AI cloud ramps as planned. That narrative supports a longer‑term bull case. IREN Limited: Don’t Fret GPU Spending
• Neutral Sentiment: Coverage noting a 22% six‑month gain highlights strong AI cloud momentum but also flags premium valuation and rising competition — a balanced take that may temper overly optimistic expectations. IREN Limited Rises 22% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Multiple analyses emphasize the US$6B ATM program could cause meaningful shareholder dilution if shares are sold to fund the GPU purchases, increasing investor concern and selling pressure. IREN’s US$6b Equity Plan Tests AI Expansion And Dilution Risks
• Negative Sentiment: Deep dives stressing the commitment to buy 50,000+ NVIDIA B300 GPUs and the size of the equity program focus attention on execution risk, short‑term revenue visibility, and margin pressure during the buildout. Assessing IREN (NasdaqGS:IREN) After Massive GPU Build Out And $6b Equity Program Announcement

Wall Street Analyst Weigh In

IREN has been the topic of a number of recent analyst reports. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, January 13th. Weiss Ratings downgraded shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Citigroup started coverage on shares of IREN in a research report on Wednesday, November 19th. They issued an “outperform” rating on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $70.00 target price on shares of IREN in a research note on Tuesday, February 10th. Finally, B. Riley Financial reissued a “buy” rating on shares of IREN in a research report on Friday, February 6th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.69.

IREN Trading Up 5.8%

Shares of IREN stock opened at $38.84 on Tuesday. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 29.20 and a beta of 4.31. The company’s fifty day simple moving average is $46.57 and its two-hundred day simple moving average is $46.30. IREN Limited has a 1 year low of $5.13 and a 1 year high of $76.87. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96.

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

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.