Brookstone Capital Management Invests $541,000 in IREN Limited $IREN

Brookstone Capital Management purchased a new stake in shares of IREN Limited (NASDAQ:IREN) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,790 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds have also modified their holdings of the company. Situational Awareness LP increased its holdings in IREN by 20.5% in the 4th quarter. Situational Awareness LP now owns 8,700,621 shares of the company’s stock worth $328,622,000 after acquiring an additional 1,480,200 shares in the last quarter. Marex Group plc boosted its holdings in shares of IREN by 14,216.7% during the 4th quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock worth $168,880,000 after purchasing an additional 4,440,032 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in IREN in the 4th quarter valued at $158,677,000. Value Aligned Research Advisors LLC grew its holdings in shares of IREN by 18.6% in the third quarter. Value Aligned Research Advisors LLC now owns 3,873,337 shares of the company’s stock valued at $181,776,000 after purchasing an additional 607,189 shares during the period. Finally, Clear Street Group Inc. purchased a new position in shares of IREN during the 4th quarter worth $137,075,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN announced a multi-year sponsorship with the Golden State Warriors and Chase Center, including jersey patch branding. The deal was described in reports as one of the largest in North American sports, which could boost brand visibility and investor interest. Warriors, Chase Center announce new multi-year sponsorship with IREN Limited
• Positive Sentiment: Analyst coverage highlighted IREN’s contracted AI capacity and Blackwell GPU expansion as potential drivers of future revenue growth, suggesting the company may be able to monetize more of its AI infrastructure as deployments come online. Can IREN’s Contracted AI Capacity Support Future Revenue Growth?
• Neutral Sentiment: IREN is still being included in “top Bitcoin stocks” watchlists, reflecting continued interest in the company’s exposure to bitcoin and related infrastructure themes. Top Bitcoin Stocks To Follow Now – June 25th
• Neutral Sentiment: Local officials tabled a tax incentive for IREN’s planned 1.2 GW AI site in Oklahoma, creating some uncertainty around the project timeline and economics. Commissioners table tax incentive for IREN’s 1.2 GW AI site in Pittsburg County, Oklahoma
• Negative Sentiment: Unusual options activity showed a large surge in put buying, which often signals traders are positioning for downside or hedging against a pullback in IREN shares. Unusual options trading in IREN

IREN Stock Down 1.1%

IREN stock opened at $47.21 on Friday. IREN Limited has a 52 week low of $13.09 and a 52 week high of $76.87. The company has a market cap of $16.87 billion, a P/E ratio of 98.35 and a beta of 4.22. The company’s 50-day moving average price is $55.23 and its 200 day moving average price is $47.60. 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 (NASDAQ:IREN) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). IREN had a negative return on equity of 13.13% and a net margin of 20.90%.The firm had revenue of $144.79 million for the quarter, compared to analyst estimates of $219.69 million. On average, research analysts expect that IREN Limited will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IREN. Canaccord Genuity Group raised their price objective on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. HC Wainwright boosted their price objective on shares of IREN to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. BTIG Research raised their price target on IREN to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group set a $50.00 price objective on IREN in a research report on Wednesday, May 27th. Fourteen research 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. Based on data from MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and an average price target of $82.36.

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.