Nicholas Wealth LLC. Acquires Shares of 42,648 IREN Limited $IREN

Nicholas Wealth LLC. acquired a new stake in IREN Limited (NASDAQ:IREN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,648 shares of the company’s stock, valued at approximately $1,611,000. IREN accounts for approximately 1.1% of Nicholas Wealth LLC.’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Miller Wealth Advisors LLC grew its stake in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock valued at $26,000 after purchasing an additional 480 shares during the period. North Star Investment Management Corp. bought a new position in IREN in the 4th quarter valued at $26,000. Clearstead Trust LLC bought a new position in IREN in the 4th quarter valued at $27,000. Aventura Private Wealth LLC bought a new position in IREN in the 4th quarter valued at $28,000. Finally, Motco bought a new position in IREN in the 4th quarter valued at $30,000. Institutional investors own 41.08% of the company’s stock.

IREN Stock Down 2.7%

IREN stock opened at $59.18 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 123.29 and a beta of 4.22. IREN Limited has a fifty-two week low of $9.52 and a fifty-two week high of $76.87. The stock has a fifty day moving average of $53.00 and a 200-day moving average of $47.13.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, equities research analysts predict that IREN Limited will post -1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IREN. B. Riley Financial upped their price objective on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. BTIG Research upped their price objective on IREN to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Freedom Capital upgraded IREN to a “hold” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings upgraded IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN completed the acquisition of Nostrum Group, adding about 490 MW of secured, grid-connected power in Spain plus a development pipeline, which expands its AI cloud/data center footprint into Europe. IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe
• Positive Sentiment: The deal gives IREN its first European AI infrastructure presence, potentially broadening its addressable market and positioning it to benefit from growing demand for AI compute capacity in Europe. IREN completes Nostrum acquisition, adds 490MW in Spain for Europe AI cloud push
• Neutral Sentiment: Local reporting on the Childress data center suggests continued interest in IREN’s infrastructure buildout, but the article details were not provided, so the immediate stock impact is unclear. Officials talk Iren Data Center in Childress
• Neutral Sentiment: IREN also appeared in generic “top bitcoin stocks” and “mining stocks” roundups, which may have added visibility but do not reflect a specific company catalyst. Top Bitcoin Stocks To Follow Today – June 15th
• Neutral Sentiment: Those same roundup articles likely reinforced IREN’s association with the crypto and mining sectors, but they do not appear to be major price drivers on their own. Top Mining Stocks To Research – June 15th

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.