10,870 Shares in IREN Limited $IREN Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new stake in IREN Limited (NASDAQ:IREN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,870 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds also recently added to or reduced their stakes in IREN. Centaurus Financial Inc. lifted its position in shares of IREN by 1.1% during the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after buying an additional 332 shares during the last quarter. Larson Financial Group LLC grew its position in shares of IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after buying an additional 335 shares during the last quarter. Miller Wealth Advisors LLC grew its position in shares of 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 buying an additional 480 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in IREN during the 4th quarter worth $26,000. Finally, Clearstead Trust LLC acquired a new stake in IREN during the 4th quarter worth $27,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IREN has been the subject of several research analyst reports. HC Wainwright upped their price objective on shares of IREN to $85.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald cut their target price on IREN to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $44.00 target price on shares of IREN in a report on Friday, May 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 target price on shares of IREN in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. raised their price target on IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.77.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN announced a $1.6 billion purchase agreement with Dell for Blackwell systems to support its previously disclosed five-year, $3.4 billion AI cloud contract, reinforcing confidence that the company can scale its AI infrastructure business. Article Title
• Positive Sentiment: The Dell deal is expected to lift IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion once the systems are commissioned, signaling meaningful future growth if execution stays on track. Article Title
• Positive Sentiment: Investor enthusiasm is also being boosted by high-profile ownership changes, including a report that Paul Tudor Jones increased his IREN stake by 57%, which can be read as a vote of confidence in the company’s AI infrastructure strategy. Article Title
• Neutral Sentiment: Media coverage and commentary continue to frame IREN as an AI infrastructure beneficiary, with traders focusing on whether Nvidia/Blackwell demand can keep driving upside in the stock. Article Title
• Negative Sentiment: The new revenue targets depend on timely hardware delivery, commissioning, and financing, and the company notes the forecast is not fully contracted, leaving some execution risk for investors. Article Title

IREN Stock Up 5.2%

IREN opened at $59.78 on Wednesday. The business has a 50 day moving average price of $46.39 and a two-hundred day moving average price of $46.15. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a market cap of $21.36 billion, a PE ratio of 124.54 and a beta of 4.17. IREN Limited has a 52 week low of $8.28 and a 52 week high of $76.87.

IREN (NASDAQ:IREN) last announced its 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 company had revenue of $144.80 million during the quarter, compared to analysts’ expectations of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. As a group, research analysts anticipate that IREN Limited will post -1.09 EPS for the current 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.