Drive Wealth Management LLC Has $399,000 Holdings in IREN Limited $IREN

Drive Wealth Management LLC cut its holdings in shares of IREN Limited (NASDAQ:IREN) by 79.2% during the 3rd quarter, Holdings Channel reports. The firm owned 8,500 shares of the company’s stock after selling 32,424 shares during the period. Drive Wealth Management LLC’s holdings in IREN were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. HMS Capital Management LLC bought a new position in IREN during the 3rd quarter worth $546,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of IREN by 88.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 115,230 shares of the company’s stock valued at $5,408,000 after acquiring an additional 53,982 shares during the period. Intrua Financial LLC acquired a new stake in shares of IREN during the 3rd quarter worth $259,000. Formidable Asset Management LLC bought a new position in shares of IREN in the third quarter worth $1,190,000. Finally, Yorktown Management & Research Co Inc bought a new position in shares of IREN in the third quarter worth $443,000. 41.08% of the stock is currently owned by institutional investors.

IREN Trading Up 8.5%

IREN opened at $56.68 on Friday. The company has a market cap of $16.07 billion, a P/E ratio of 29.22 and a beta of 4.25. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $45.40 and its 200-day moving average is $40.15. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87.

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

Analysts Set New Price Targets

Several research firms recently weighed in on IREN. Citizens Jmp began coverage on shares of IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price objective for the company. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, January 13th. JMP Securities set a $80.00 price target on shares of IREN in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of IREN in a research note on Monday, December 29th. Finally, BTIG Research upped their target price on IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Technical momentum is building after a pullback—analysts note IREN is forming a bullish continuation pattern, holding key moving averages with improving momentum and Fibonacci targets that point toward further upside beyond prior highs. This narrative supports momentum-driven buying. IREN Price Forecast: Bullish Momentum Builds After Pullback
• Positive Sentiment: Strategic pivot toward Microsoft’s AI cloud is being discussed as reshaping the investment case for IREN—if partnerships or product integrations with Microsoft accelerate revenue growth or improve margins, that could materially raise investor expectations and valuation multiples. Market reactions suggest investors are pricing in potential upside from this shift. Is IREN’s Microsoft AI Cloud Pivot Reshaping The Investment Case For IREN (IREN)?
• Neutral Sentiment: Company announced its Q2 FY26 results release and conference call for Feb 5—this is a near-term catalyst that can reinforce the recent move (beat) or trigger a reset (miss). Investors should mark the date and listen for guidance, revenue mix and margin details. IREN to Release Q2 FY26 Results on February 5, 2026
• Negative Sentiment: After a strong run, the stock is pausing as investors take profits—coverage notes a short-term consolidation (“pause for breath”), which could increase volatility and lead to pullbacks if buying dries up or if upcoming results disappoint. IREN Shares Pause for Breath Following Meteoric Rise

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.