StoneX Group Inc. lifted its stake in IREN Limited (NASDAQ:IREN – Free Report) by 79.8% during the third quarter, HoldingsChannel.com reports. The firm owned 91,069 shares of the company’s stock after purchasing an additional 40,431 shares during the quarter. StoneX Group Inc.’s holdings in IREN were worth $3,551,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in IREN by 177.5% during the 2nd quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after buying an additional 442 shares in the last quarter. Hollencrest Capital Management raised its stake in IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock valued at $36,000 after buying an additional 350 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in IREN by 521.0% during the second quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company’s stock valued at $47,000 after buying an additional 870 shares during the last quarter. MCF Advisors LLC boosted its holdings in IREN by 5,159.1% in the second quarter. MCF Advisors LLC now owns 1,157 shares of the company’s stock worth $53,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new stake in IREN in the first quarter worth $59,000. Hedge funds and other institutional investors own 41.08% of the company’s stock.
Key IREN News
Here are the key news stories impacting IREN this week:
- Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
- Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
- Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
- Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027
Analysts Set New Price Targets
IREN has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 target price on shares of IREN in a research note on Friday. Morgan Stanley cut shares of IREN to a “buy” rating in a research note on Wednesday, September 2nd. Northland Securities assumed coverage on shares of IREN in a research note on Friday, September 18th. They issued an “outperform” rating and a $99.00 price target on the stock. Cantor Fitzgerald cut their price objective on shares of IREN from $99.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, B. Riley Financial reduced their price objective on shares of IREN from $91.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.54.
Read Our Latest Report on IREN
IREN Price Performance
IREN stock opened at $21.64 on Monday. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -5.30 and a beta of 4.33. The stock has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $43.60. IREN Limited has a 12 month low of $17.16 and a 12 month high of $70.71. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.77.
IREN (NASDAQ:IREN – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. The firm had revenue of $228.00 million during the quarter, compared to analysts’ expectations of $228.26 million. IREN had a negative return on equity of 16.36% and a negative net margin of 194.36%. Equities analysts predict that IREN Limited will post -0.49 EPS for the current fiscal year.
IREN Profile
IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.
Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.
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