16,462 Shares in IREN Limited $IREN Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in shares of IREN Limited (NASDAQ:IREN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,462 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors have also recently made changes to their positions in the business. JW Asset Management LLC purchased a new position in shares of IREN during the fourth quarter worth $6,219,000. Global Retirement Partners LLC raised its holdings in shares of IREN by 768.3% during the fourth quarter. Global Retirement Partners LLC now owns 4,680 shares of the company’s stock worth $177,000 after purchasing an additional 4,141 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of IREN during the fourth quarter worth $517,000. Motco purchased a new position in shares of IREN during the fourth quarter worth $30,000. Finally, Leonteq Securities AG acquired a new stake in IREN during the fourth quarter valued at $1,180,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on IREN. Weiss Ratings lowered shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Cantor Fitzgerald dropped their price target on shares of IREN to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. HC Wainwright raised their price target on shares of IREN to $85.00 and gave the company a “buy” rating in a research report on Friday, May 8th. BTIG Research raised their price target on shares of IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $44.00 price target on shares of IREN in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and an average target price of $71.77.

Key Headlines Impacting IREN

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 Performance

IREN opened at $59.78 on Wednesday. The firm has a market capitalization of $21.36 billion, a PE ratio of 124.54 and a beta of 4.17. IREN Limited has a twelve month low of $8.28 and a twelve month high of $76.87. The firm’s 50-day moving average price is $46.39 and its 200 day moving average price is $46.15. 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 posted its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The business had revenue of $144.80 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, sell-side analysts expect that IREN Limited will post -1.09 EPS for the current fiscal 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.