Weiss Asset Management LP raised its position in shares of IREN Limited (NASDAQ:IREN – Free Report) by 586.7% in the first quarter, Holdings Channel reports. The firm owned 605,619 shares of the company’s stock after acquiring an additional 517,423 shares during the quarter. Weiss Asset Management LP’s holdings in IREN were worth $20,761,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Marex Group plc grew its holdings in shares of IREN by 14,216.7% during the fourth quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock valued at $168,880,000 after buying an additional 4,440,032 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in IREN in the 4th quarter worth approximately $158,677,000. Clear Street Group Inc. purchased a new position in IREN in the 4th quarter worth approximately $137,075,000. Situational Awareness LP lifted its position in IREN by 90.1% in the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after acquiring an additional 3,034,254 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in IREN by 1,022.2% in the 4th quarter. Quadrature Capital Ltd now owns 2,870,637 shares of the company’s stock valued at $108,424,000 after acquiring an additional 2,614,835 shares in the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.
IREN Stock Down 8.6%
Shares of IREN stock opened at $37.07 on Friday. IREN Limited has a twelve month low of $14.72 and a twelve month 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. The company’s 50 day moving average is $50.69 and its 200 day moving average is $47.60. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 77.23 and a beta of 4.27.
Analysts Set New Price Targets
A number of analysts have commented on IREN shares. Compass Point reissued a “buy” rating on shares of IREN in a report on Tuesday. Weiss Ratings downgraded IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. BTIG Research increased their price objective on IREN to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $79.00 price objective on shares of IREN in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group assumed coverage on IREN in a report on Thursday, June 18th. They issued a “buy” rating and a $79.00 price objective for the company. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.71.
Get Our Latest Research Report on IREN
Key IREN News
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN’s recent $2.8 billion in multi-year AI cloud contracts with customers including Microsoft and NVIDIA continues to support the bullish case, lifting its 2026 AI Cloud ARR target above $4 billion and reinforcing the company’s pivot from Bitcoin mining to AI infrastructure. Is IREN (IREN) Undervalued Following Its $2.8b AI Cloud Contract Win?
- Positive Sentiment: Market commentary on the AI trade has highlighted IREN as a beneficiary of renewed enthusiasm for AI infrastructure after Alphabet raised its AI capex outlook, which helped lift sentiment across names like IREN, Nebius, and CoreWeave. Nebius, CoreWeave, IREN Stocks Rises After Alphabet Raises AI Capex Forecast
- Positive Sentiment: Several recent articles frame IREN as a possible winner in the neocloud race, arguing that its owned-infrastructure model could be more defensible than some peers as hyperscaler demand grows. IREN Vs Nebius: Which Neocloud Should You Buy and Why?
- Neutral Sentiment: HC Wainwright kept a Buy rating and $90 price target on IREN, but the firm made mixed earnings revisions across future periods, with some estimates raised and others cut, which suggests analysts still see long-term upside but near-term execution risk. IREN Limited (NASDAQ: IREN) analyst coverage
- Neutral Sentiment: Short-interest data did not show a meaningful new bearish signal, with reported short interest effectively unchanged at zero shares, so this item is unlikely to be driving the move. IREN Limited (NASDAQ: IREN) short interest
- Negative Sentiment: The stock is also facing pressure from analyst forecast cuts for several future quarters and fiscal years, including lower EPS estimates for Q4 2026, Q1 2027, Q3 2027, Q4 2027, FY2026, and FY2027, reinforcing concerns that profitability may remain volatile during the AI buildout. IREN Limited (NASDAQ: IREN) analyst estimates
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.
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