Evolution Wealth Advisors LLC Lowers Stake in IREN Limited $IREN

Evolution Wealth Advisors LLC lessened its stake in IREN Limited (NASDAQ:IREN) by 80.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,795 shares of the company’s stock after selling 103,755 shares during the period. Evolution Wealth Advisors LLC’s holdings in IREN were worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc bought a new position in IREN in the 3rd quarter worth about $213,000. Thames Capital Management LLC purchased a new stake in shares of IREN in the third quarter valued at approximately $24,075,000. Blue Square Asset Management LLC bought a new position in IREN in the third quarter worth approximately $256,000. Henry James International Management Inc. purchased a new position in IREN during the 3rd quarter worth $361,000. Finally, Concurrent Investment Advisors LLC bought a new stake in IREN during the 3rd quarter valued at $409,000. Institutional investors own 41.08% of the company’s stock.

IREN Stock Up 11.2%

Shares of IREN stock opened at $57.72 on Friday. IREN Limited has a 52-week low of $5.13 and a 52-week high of $76.87. The firm’s 50 day moving average price is $45.28 and its 200-day moving average price is $38.65. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The company has a market cap of $16.36 billion, a P/E ratio of 29.75 and a beta of 4.25.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Sanford C. Bernstein restated an “outperform” rating and set a $75.00 price target on shares of IREN in a research note on Thursday, September 25th. BTIG Research increased their target price on shares of IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. UBS Group restated a “buy” rating on shares of IREN in a report on Friday, November 7th. Citizens Jmp began coverage on shares of IREN in a research note on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective on the stock. Finally, JMP Securities set a $80.00 price objective on shares of IREN in a research note on Wednesday, November 19th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

IREN Company 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.