Foundations Investment Advisors LLC Increases Stake in IREN Limited $IREN

Foundations Investment Advisors LLC raised its holdings in shares of IREN Limited (NASDAQ:IREN) by 31.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,832 shares of the company’s stock after buying an additional 36,078 shares during the period. Foundations Investment Advisors LLC owned about 0.05% of IREN worth $5,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Miller Wealth Advisors LLC increased its holdings in IREN by 240.0% during the fourth 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. purchased a new position in shares of IREN during the 4th quarter valued at about $26,000. Clearstead Trust LLC purchased a new position in shares of IREN during the 4th quarter valued at about $27,000. Aventura Private Wealth LLC purchased a new position in shares of IREN during the 4th quarter valued at about $28,000. Finally, Motco purchased a new position in shares of IREN during the 4th quarter valued at about $30,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s $1.6 billion Dell order for Blackwell systems supports its AI infrastructure expansion and strengthens its long-term revenue opportunity. IREN (IREN) Is Up 28.7% After US$1.6 Billion Nvidia Blackwell AI Infrastructure Deal – What’s Changed
• Positive Sentiment: Market commentary continues to frame IREN as a beneficiary of the shift from Bitcoin mining to AI data center infrastructure, which could support a higher valuation multiple over time.
• Neutral Sentiment: Analyst price targets remain generally constructive, with several recent buy ratings and targets above the current trading range.
• Negative Sentiment: Investors are worried about the large upfront capital commitment and the delayed timing of revenue from the Blackwell deployment, which increases execution risk. IREN slides after recent AI-driven rally as traders digest $1.6B Blackwell buildout spend and financing overhang
• Negative Sentiment: Recent convertible debt issuance may create hedging-related selling pressure and add dilution sensitivity for shareholders.

IREN Stock Down 5.6%

NASDAQ IREN opened at $64.05 on Friday. The stock’s 50 day moving average is $47.27 and its 200 day moving average is $46.16. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. IREN Limited has a 12 month low of $8.28 and a 12 month high of $76.87. The stock has a market cap of $22.89 billion, a PE ratio of 133.44 and a beta of 4.17.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The business had revenue of $144.80 million during the quarter, compared to analysts’ expectations of $219.69 million. Research analysts predict that IREN Limited will post -1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IREN shares. Weiss Ratings cut IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. BTIG Research lifted their price objective on IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Cantor Fitzgerald lifted their price objective on IREN from $77.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Freedom Capital raised IREN to a “hold” rating in a research report on Wednesday, April 1st. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.69.

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.