Allworth Financial LP Buys Shares of 13,864 IREN Limited $IREN

Allworth Financial LP bought a new position in shares of IREN Limited (NASDAQ:IREN) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 13,864 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IREN. Envestnet Asset Management Inc. acquired a new stake in shares of IREN in the 2nd quarter valued at approximately $255,000. DNB Asset Management AS increased its position in IREN by 133.9% during the 2nd quarter. DNB Asset Management AS now owns 109,601 shares of the company’s stock worth $1,596,000 after purchasing an additional 62,746 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in IREN by 929.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,978 shares of the company’s stock valued at $204,000 after purchasing an additional 12,620 shares during the last quarter. 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. Finally, Richmond Investment Services LLC acquired a new stake in IREN in the second quarter valued at approximately $277,000. Institutional investors own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IREN. Weiss Ratings raised shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Cantor Fitzgerald dropped their price target on IREN to $82.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Zacks Research raised IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group initiated coverage on IREN in a report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Seeking Alpha highlights IREN’s transition from bitcoin mining to a vertically integrated AI-compute player with large partner deals (Microsoft, Nvidia, Dell) and sizable AI revenue growth — a narrative that supports higher long-term valuation and investor interest. IREN’s Power Moat: Winning The AI Race
• Positive Sentiment: Broader Wall Street optimism for AI names lifts sentiment for GPU/data-center plays like IREN, providing momentum tailwinds if the company executes on its expansion. Wall Street Predicts These 3 AI Stocks Will Double in 4 Years
• Neutral Sentiment: Zacks included IREN in an AI-focused investment ideas roundup, signaling analyst attention but not a specific buy/sell verdict. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Multiple short-interest reports today appear to show a large increase but contain inconsistent/zero values (NaN/0 shares) and days‑to‑cover = 0.0 — noisy data that currently provides no clear signal on bearish positioning.
• Neutral Sentiment: Zacks examines whether IREN’s ~$9.3B funding will cover rollout of 150k GPUs; funding largely does, but execution timing is critical — a watchpoint for near-term returns. Will IREN’s $9.3B Funding Cover Its 150K GPU Expansion Costs?
• Negative Sentiment: Comparative analysis (Zacks/Yahoo) favors Circle (CRCL) over IREN on near-term revenue growth and estimate momentum, suggesting IREN faces near-term transition pressure vs. pure-play crypto/fiat-exposure peers. IREN vs. CRCL: Which Crypto-Exposure Stock Has an Edge Right Now?
• Negative Sentiment: IREN coverage flags rising leverage and valuation risk as the company straddles Bitcoin and AI infrastructure exposure; investors should watch debt levels and margin sensitivity if macro or crypto sentiment weakens. Is IREN (IREN) Quietly Becoming a Leveraged Bet on Both Bitcoin and AI Infrastructure Demand?
• Negative Sentiment: IREN’s CEO warned that AI buildout is a “permanent whack‑a‑mole” bottleneck, underscoring operational and capacity challenges that could slow deployment and margin realization. IREN CEO: AI buildout is ‘permanent whack-a-mole’ — and that’s the real bottleneck

IREN Price Performance

Shares of NASDAQ:IREN opened at $41.12 on Wednesday. The firm has a market cap of $13.66 billion, a PE ratio of 30.92 and a beta of 4.31. The firm’s fifty day moving average is $45.97 and its 200-day moving average is $47.60. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. IREN Limited has a 52 week low of $5.13 and a 52 week high of $76.87.

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

IREN 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.