HMS Capital Management LLC Makes New Investment in IREN Limited $IREN

HMS Capital Management LLC acquired a new position in shares of IREN Limited (NASDAQ:IREN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,637 shares of the company’s stock, valued at approximately $546,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in IREN in the third quarter valued at $25,000. Advisors Asset Management Inc. lifted its stake in IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after purchasing an additional 1,839 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in IREN in the 3rd quarter valued at about $74,000. SLT Holdings LLC bought a new position in IREN during the second quarter worth about $146,000. Finally, Foundations Investment Advisors LLC acquired a new position in IREN during the second quarter worth approximately $146,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Microsoft AI cloud tie-up and analyst upgrades have prompted fresh valuation work and raised expectations for IREN’s data-center growth, supporting upward revisions to price targets and institutional interest. Assessing IREN Valuation
• Positive Sentiment: A bullish Seeking Alpha piece argues IREN executed a successful AI pivot, compares it to an early Nvidia-like mover in data centers, and presents a wide DCF-based fair-value range implying substantial upside if scale and AI demand continue — this kind of narrative can attract growth investors. Why I Am Buying IREN
• Positive Sentiment: Industry coverage naming IREN among potential AI winners in 2026 supports thematic flows into AI/data-center names; inclusion in such lists can amplify momentum trading and ETF/quant interest. 3 AI Stocks That May Be The Biggest Winners
• Negative Sentiment: An article flags a U.S. politician who sold IREN shares just before a roughly 40% surge, which can raise governance and insider-trading optics concerns and prompt short-term selling or regulatory scrutiny. U.S. politician suspiciously dumped
• Negative Sentiment: A bearish Seeking Alpha column warns that IREN’s AI-driven rally may be overstretched and outlines execution, capital allocation and demand-risk scenarios that could cause a pullback; such critiques can amplify profit-taking. The AI Party Is Coming To An End

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group lifted their target price on IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Compass Point reaffirmed a “buy” rating and set a $105.00 price target on shares of IREN in a report on Friday, November 7th. Roth Capital set a $94.00 price objective on shares of IREN and gave the company a “buy” rating in a report on Monday, November 3rd. Arete Research initiated coverage on shares of IREN in a research report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 price objective on the stock. Finally, HC Wainwright upgraded shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, January 13th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, IREN presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

IREN Price Performance

Shares of NASDAQ:IREN opened at $54.26 on Wednesday. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 27.97 and a beta of 4.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52. The firm has a 50 day simple moving average of $45.17 and a 200 day simple moving average of $39.53. IREN Limited has a one year low of $5.13 and a one year high of $76.87.

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