Oppenheimer & Co. Inc. lowered its position in IREN Limited (NASDAQ:IREN – Free Report) by 48.9% during the third quarter, Holdings Channel reports. The institutional investor owned 44,809 shares of the company’s stock after selling 42,862 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in IREN were worth $1,832,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of IREN by 177.5% during the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock worth $32,000 after acquiring an additional 442 shares in the last quarter. Hollencrest Capital Management boosted its stake in IREN by 50.0% in the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after acquiring an additional 350 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in IREN by 521.0% in the second quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock valued at $47,000 after acquiring an additional 870 shares in the last quarter. MCF Advisors LLC boosted its stake in IREN by 5,159.1% in the second quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock valued at $53,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new position in IREN in the first quarter worth $59,000. Institutional investors own 41.08% of the company’s stock.
IREN Stock Performance
Shares of IREN stock opened at $23.95 on Friday. The firm has a market capitalization of $9.44 billion, a P/E ratio of -10.23 and a beta of 4.26. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average price of $37.79 and a 200 day moving average price of $44.41. IREN Limited has a 52 week low of $23.06 and a 52 week high of $76.87.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Freedom Capital raised IREN from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Morgan Stanley lowered IREN to a “buy” rating in a report on Wednesday, September 2nd. BTIG Research reissued a “buy” rating and issued a $80.00 price objective on shares of IREN in a research report on Monday, September 14th. Cantor Fitzgerald restated an “overweight” rating and set a $99.00 target price on shares of IREN in a research note on Friday, August 28th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of IREN in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus price target of $78.86.
Check Out Our Latest Research Report on IREN
More IREN News
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN secured a $363 million equipment-financing facility backed by fully paid, revenue-generating Nvidia GPU assets and multiyear AI cloud contracts. Because the financing is asset-backed, it may reduce the need for immediate equity issuance and support expansion of IREN’s neocloud capacity. IREN Secures $363 Million Against GPUs And AI Contracts
- Positive Sentiment: Some analysts remain bullish on IREN’s long-term AI data-center buildout, citing contracted revenue, its Microsoft partnership and the potential for substantial EBITDA growth as capacity comes online. IREN Limited: A Strong Buy As AI Capacity Builds Toward Higher Future Earnings
- Neutral Sentiment: IREN is scheduled to report fiscal first-quarter 2027 results on November 5. Analysts expect a potential earnings beat, making the report and management’s outlook for AI capacity, customer demand and funding especially important near term. IREN Limited Expected to Beat Earnings Estimates
- Neutral Sentiment: Analysts modestly reduced IREN’s estimated fair value to $76.92 from $79.03, reflecting continued optimism about AI infrastructure but greater concern about sector-wide volatility, funding conditions and execution risk. IREN Stock Sees Modest Fair Value Cut
- Negative Sentiment: B. Riley cut its price target to $64 from $91, although it retained a Buy rating. The reduction highlights heightened uncertainty around IREN’s capital requirements and the risks of executing its aggressive AI expansion plan. IREN Stock Sinks as B. Riley Cuts Price Target
- Negative Sentiment: Shares have been pressured by concerns that Microsoft and other major cloud customers may delay or moderate AI-related capital spending. Microsoft’s weaker-than-expected spending signal weighed broadly on neocloud and data-center stocks, including IREN. Why NeBIUS, CoreWeave and IREN Stocks Are Falling
- Negative Sentiment: Investors remain concerned about IREN’s leverage, potential dilution and estimated need for significant additional funding. Tightening debt markets could make it more expensive for unprofitable neocloud companies to finance rapid growth. Elon Musk Says Neoclouds Face a Guppy Level Death
IREN Profile
IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on bitcoin mining and high-performance computing. The company develops and operates data centers designed to support energy-intensive computing applications, including bitcoin mining and artificial intelligence (AI) cloud services.
IREN’s operations are supported by company-owned electrical infrastructure, data centers and computing hardware. Its bitcoin mining business uses specialized application-specific integrated circuit (ASIC) machines, while its AI cloud offering is designed to provide access to advanced computing resources for AI development and other high-performance computing workloads.
Founded in 2018 and headquartered in Sydney, Australia, IREN has developed data center operations in North America, including facilities in British Columbia, Canada, and Texas.
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