IREN Limited $IREN Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC cut its stake in IREN Limited (NASDAQ:IREN) by 80.7% in the third quarter, Holdings Channel reports. The firm owned 24,795 shares of the company’s stock after selling 103,755 shares during the period. Evolution Wealth Advisors LLC’s holdings in IREN were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Pinnacle Financial Partners Inc acquired a new stake in shares of IREN during the third quarter worth $213,000. Thames Capital Management LLC purchased a new position in IREN in the 3rd quarter worth $24,075,000. Blue Square Asset Management LLC acquired a new stake in IREN during the 3rd quarter worth about $256,000. Henry James International Management Inc. acquired a new stake in IREN during the 3rd quarter worth about $361,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in IREN during the 3rd quarter valued at about $409,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on IREN shares. Macquarie raised their price objective on IREN to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of IREN from a “sell” rating to a “hold” rating in a research report on Saturday. BTIG Research upped their price objective on shares of IREN from $32.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 price objective on shares of IREN in a research note on Thursday, September 25th. Finally, Canaccord Genuity Group boosted their target price on shares of IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

IREN Price Performance

Shares of NASDAQ IREN opened at $57.72 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 29.75 and a beta of 4.25. The firm’s 50 day simple moving average is $45.28 and its 200-day simple moving average is $38.65. IREN Limited has a 12 month low of $5.13 and a 12 month high of $76.87.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). The firm had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.IREN’s revenue was up 28.3% compared to the same quarter last year. Analysts expect that IREN Limited will post 0.43 EPS for the current year.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

IREN Company 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.