Leonteq Securities AG Makes New $1.18 Million Investment in IREN Limited $IREN

Leonteq Securities AG bought a new stake in shares of IREN Limited (NASDAQ:IRENFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,232 shares of the company’s stock, valued at approximately $1,180,000.

Several other institutional investors and hedge funds also recently bought and sold shares of IREN. Invesco Ltd. grew its stake in IREN by 45.9% during the 2nd 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 in the last quarter. StoneX Group Inc. acquired a new position in IREN in the 2nd quarter valued at approximately $158,000. NewEdge Advisors LLC increased its stake in IREN by 245.0% in the 2nd quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock valued at $631,000 after buying an additional 30,736 shares during the period. Sei Investments Co. acquired a new position in IREN in the 2nd quarter valued at approximately $2,333,000. Finally, Peapack Gladstone Financial Corp increased its stake in IREN by 30.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock valued at $265,000 after buying an additional 4,200 shares during the period. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. HC Wainwright upped their price objective on shares of IREN to $85.00 and gave the company a “buy” rating in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $44.00 price objective on shares of IREN in a research note on Friday, May 8th. Cantor Fitzgerald dropped their price objective on shares of IREN to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, IREN currently has an average rating of “Moderate Buy” and a consensus price target of $71.77.

View Our Latest Analysis on IREN

IREN Trading Up 10.1%

Shares of NASDAQ IREN opened at $58.06 on Friday. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 120.96 and a beta of 4.17. The business has a 50 day simple moving average of $45.42 and a 200 day simple moving average of $46.41. IREN Limited has a 52 week low of $8.28 and a 52 week high of $76.87. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72.

IREN (NASDAQ:IRENGet Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $144.80 million during the quarter, compared to the consensus estimate of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. On average, research analysts predict that IREN Limited will post -1.09 earnings per share for the current fiscal year.

IREN Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding IREN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IREN Limited (NASDAQ:IRENFree Report).

Institutional Ownership by Quarter for IREN (NASDAQ:IREN)

Receive News & Ratings for IREN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IREN and related companies with MarketBeat.com's FREE daily email newsletter.