Yorktown Management & Research Co Inc Invests $443,000 in IREN Limited $IREN

Yorktown Management & Research Co Inc purchased a new position in shares of IREN Limited (NASDAQ:IREN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,450 shares of the company’s stock, valued at approximately $443,000.

Several other institutional investors and hedge funds also recently modified their holdings of IREN. Global Retirement Partners LLC bought a new position in shares of IREN during the third quarter worth about $25,000. SLT Holdings LLC boosted its holdings in shares of IREN by 6.0% in the third quarter. SLT Holdings LLC now owns 10,600 shares of the company’s stock worth $497,000 after buying an additional 600 shares during the period. Drive Wealth Management LLC raised its holdings in shares of IREN by 3.0% during the second quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock valued at $596,000 after acquiring an additional 1,179 shares during the period. Vermillion Wealth Management Inc. purchased a new position in IREN during the 3rd quarter worth approximately $74,000. Finally, Centaurus Financial Inc. lifted its holdings in shares of IREN by 5.3% in the second quarter. Centaurus Financial Inc. now owns 31,150 shares of the company’s stock valued at $454,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Analyst Ratings Changes

IREN has been the topic of a number of research analyst reports. Compass Point reaffirmed a “buy” rating and set a $105.00 price objective on shares of IREN in a research report on Friday, November 7th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Tuesday, January 13th. The Goldman Sachs Group began coverage on IREN in a research report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $75.00 price objective on shares of IREN in a report on Thursday, September 25th. Finally, BTIG Research raised their target price on IREN from $32.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Thirteen investment 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’s stock. Based on data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus target price of $69.36.

IREN Stock Performance

Shares of IREN stock 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 company has a fifty day moving average price of $45.28 and a two-hundred day moving average price of $38.81. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The stock has a market cap of $16.36 billion, a P/E ratio of 29.75 and a beta of 4.25.

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

Key Headlines 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.