11,637 Shares in IREN Limited $IREN Bought by HMS Capital Management LLC

HMS Capital Management LLC purchased a new position in IREN Limited (NASDAQ:IREN) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 11,637 shares of the company’s stock, valued at approximately $546,000.

Other institutional investors have also recently made changes to their positions in the company. Situational Awareness LP boosted its position in shares of IREN by 90.1% during the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after purchasing an additional 3,034,254 shares in the last quarter. Hood River Capital Management LLC bought a new position in IREN in the second quarter worth approximately $74,228,000. Invesco Ltd. grew its stake in IREN by 45.9% in the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after acquiring an additional 936,333 shares during the period. Merewether Investment Management LP bought a new stake in shares of IREN during the second quarter valued at approximately $21,025,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of IREN by 15.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,136,330 shares of the company’s stock valued at $16,556,000 after acquiring an additional 148,864 shares in the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IREN. The Goldman Sachs Group began coverage on shares of IREN in a research report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target for the company. Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. B. Riley reissued a “buy” rating on shares of IREN in a research report on Wednesday, October 22nd. Canaccord Genuity Group upped their target price on shares of IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 13th. Thirteen equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.36.

IREN Stock Down 6.2%

IREN opened at $54.26 on Wednesday. IREN Limited has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The firm has a market capitalization of $15.38 billion, a P/E ratio of 27.97 and a beta of 4.25. The company’s 50-day moving average is $45.17 and its 200 day moving average is $39.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.52 and a quick ratio of 5.52.

IREN (NASDAQ:IREN) last issued its quarterly earnings data 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). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The firm had revenue of $240.30 million during the quarter, compared to the consensus estimate of $244.60 million. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts expect that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Microsoft AI cloud tie-up and analyst upgrades have prompted fresh valuation work and raised expectations for IREN’s data-center growth, supporting upward revisions to price targets and institutional interest. Assessing IREN Valuation
• Positive Sentiment: A bullish Seeking Alpha piece argues IREN executed a successful AI pivot, compares it to an early Nvidia-like mover in data centers, and presents a wide DCF-based fair-value range implying substantial upside if scale and AI demand continue — this kind of narrative can attract growth investors. Why I Am Buying IREN
• Positive Sentiment: Industry coverage naming IREN among potential AI winners in 2026 supports thematic flows into AI/data-center names; inclusion in such lists can amplify momentum trading and ETF/quant interest. 3 AI Stocks That May Be The Biggest Winners
• Negative Sentiment: An article flags a U.S. politician who sold IREN shares just before a roughly 40% surge, which can raise governance and insider-trading optics concerns and prompt short-term selling or regulatory scrutiny. U.S. politician suspiciously dumped
• Negative Sentiment: A bearish Seeking Alpha column warns that IREN’s AI-driven rally may be overstretched and outlines execution, capital allocation and demand-risk scenarios that could cause a pullback; such critiques can amplify profit-taking. The AI Party Is Coming To An End

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.