IREN (NASDAQ:IREN) Stock Price Down 4.7% – Here’s What Happened

Posted by Brian Himes on May 20th, 2026

IREN Limited (NASDAQ:IREN – Get Free Report) fell 4.7% during trading on Monday . The company traded as low as $48.48 and last traded at $50.46. 42,741,473 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 41,103,137 shares. The stock had previously closed at $52.94.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IREN. Canaccord Genuity Group reiterated a “buy” rating and issued a $70.00 target price on shares of IREN in a research report on Tuesday, February 10th. HC Wainwright increased their target price on shares of IREN to $85.00 and gave the company a “buy” rating in a research report on Friday, May 8th. B. Riley Financial restated a “buy” rating on shares of IREN in a research report on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and set a $44.00 price objective on shares of IREN in a research report on Friday, May 8th. Finally, Cantor Fitzgerald cut their price objective on shares of IREN to $61.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.77.

View Our Latest Research Report on IREN

IREN Trading Up 10.4%

The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 109.81 and a beta of 4.17. The company’s 50-day moving average is $44.74 and its 200-day moving average is $46.47. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN – Get Free Report) last released 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 $144.80 million for the quarter, compared to analyst estimates of $219.69 million. Research analysts anticipate that IREN Limited will post -1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IREN. CENTRAL TRUST Co raised its position in IREN by 19.8% in the first quarter. CENTRAL TRUST Co now owns 1,485 shares of the company’s stock valued at $51,000 after purchasing an additional 245 shares during the period. Vermillion Wealth Management Inc. increased its stake in IREN by 19.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 2,049 shares of the company’s stock worth $70,000 after buying an additional 328 shares during the period. Centaurus Financial Inc. raised its holdings in IREN by 1.1% in the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock valued at $1,477,000 after acquiring an additional 332 shares in the last quarter. Larson Financial Group LLC raised its holdings in IREN by 26.7% in the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock valued at $75,000 after acquiring an additional 335 shares in the last quarter. Finally, Hollencrest Capital Management raised its holdings in IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

IREN Company Profile

(Get Free Report)

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.