Independent Financial Group LLC bought a new position in shares of IREN Limited (NASDAQ:IREN – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 20,667 shares of the company’s stock, valued at approximately $708,000.
Other hedge funds also recently added to or reduced their stakes in the company. Miller Wealth Advisors LLC boosted its holdings in IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of IREN during the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new position in shares of IREN during the fourth quarter valued at about $27,000. Aventura Private Wealth LLC acquired a new position in shares of IREN during the fourth quarter valued at about $28,000. Finally, Motco purchased a new position in shares of IREN in the 4th quarter valued at approximately $30,000. 41.08% of the stock is owned by institutional investors and hedge funds.
IREN Trading Up 2.7%
IREN stock opened at $41.29 on Wednesday. The stock has a 50-day moving average price of $51.64 and a 200 day moving average price of $47.66. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 86.02 and a beta of 4.27. IREN Limited has a 52 week low of $14.72 and a 52 week high of $76.87. 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 News Summary
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN signed $2.8 billion in new AI cloud contracts, sharply improving its long-term revenue outlook and reinforcing its pivot into AI infrastructure. Article Title
- Positive Sentiment: The company lifted its 2026 AI cloud ARR target to above $4 billion, signaling stronger growth and demand visibility than previously expected. Article Title
- Positive Sentiment: Canaccord Genuity reaffirmed a Buy rating and raised its price target to $79, supporting the stock’s rerating narrative. Article Title
- Neutral Sentiment: Analysts and traders noted that much of the recent move may now be driven by expectations for future execution, so shares could remain volatile after the sharp rally. Article Title
- Negative Sentiment: IREN still faces execution and funding risks as it works to build out large-scale AI capacity, including possible delays in power or interconnection. Article Title
Analyst Upgrades and Downgrades
A number of analysts recently commented on IREN shares. Freedom Capital upgraded shares of IREN from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Citigroup restated a “market outperform” rating on shares of IREN in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of IREN in a report on Tuesday. BTIG Research lifted their price objective on shares of IREN to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, IREN presently has an average rating of “Moderate Buy” and an average price target of $82.36.
View Our Latest Report on IREN
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.
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