J.W. Cole Advisors Inc. Buys 68,726 Shares of IREN Limited $IREN

J.W. Cole Advisors Inc. boosted its stake in shares of IREN Limited (NASDAQ:IREN) by 175.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 107,976 shares of the company’s stock after buying an additional 68,726 shares during the period. J.W. Cole Advisors Inc.’s holdings in IREN were worth $5,067,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Situational Awareness LP boosted its holdings in shares of IREN by 90.1% during the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after purchasing an additional 3,034,254 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of IREN in the second quarter worth about $74,228,000. Invesco Ltd. boosted its stake in IREN by 45.9% during the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after buying an additional 936,333 shares during the last quarter. Merewether Investment Management LP bought a new position in IREN during the second quarter valued at approximately $21,025,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in IREN by 15.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,136,330 shares of the company’s stock valued at $16,556,000 after buying an additional 148,864 shares in the last quarter. Hedge funds and other institutional investors own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

IREN has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 10th. JMP Securities set a $80.00 price objective on shares of IREN in a research report on Wednesday, November 19th. Roth Mkm set a $94.00 price objective on shares of IREN and gave the stock a “buy” rating in a research note on Monday, November 3rd. HC Wainwright upgraded shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group assumed coverage on IREN in a research report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IREN has an average rating of “Moderate Buy” and a consensus target price of $69.36.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Broad partnership/AI narrative: Coverage suggests a Microsoft-related deal or AI partnership could materially accelerate IREN’s cloud/AI ambitions and revenue mix, fueling upside expectations. Iren Stock Could Explode After This Microsoft Deal
• Positive Sentiment: Strategic repositioning: Reports highlight IREN’s shift from bitcoin-mining roots toward an AI/cloud growth story, which could increase addressable market and valuation multiples if execution continues. IREN Recasts Bitcoin Mining Roots Into AI Cloud Growth Story
• Positive Sentiment: Undervalued AI transition thesis: Analysis argues the market hasn’t fully priced IREN’s AI transition, implying further upside if adoption/scale materializes. IREN: Why The AI Transition Still Isn’t Fully Priced In
• Positive Sentiment: Short-term positive momentum: Shares had been rising into the company’s fiscal earnings event, suggesting some investors were positioning for a beat or positive guidance. IREN (IREN) shares jump ahead of upcoming fiscal earnings release
• Neutral Sentiment: Scheduled earnings event: The company announced a quarterly earnings release date that created headline risk and heightened short-term volatility around guidance and metrics. IREN (IREN) to Release Quarterly Earnings on Thursday
• Neutral Sentiment: Valuation discussion: Coverage assessing IREN’s valuation after recent mixed results offers both upside scenarios (AI/cloud) and downside risks, leaving near-term direction dependent on upcoming financials and execution. Assessing IREN (IREN) Valuation After Strong Earnings And Volatile Share Price Performance
• Negative Sentiment: Recent earnings miss and metrics: The company previously missed EPS expectations and reported mixed revenue/margin figures, which underpins today’s selling pressure and explains elevated volatility despite growth commentary. (Background earnings release and figures referenced in market reports.)

IREN Trading Down 17.4%

IREN stock opened at $44.94 on Thursday. IREN Limited has a twelve month low of $5.13 and a twelve month high of $76.87. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 23.16 and a beta of 4.27. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $46.78 and its two-hundred day simple moving average is $42.27.

IREN (NASDAQ:IREN) last released its earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.48). The firm had revenue of $240.30 million during the quarter, compared to the consensus estimate of $244.60 million. IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The business’s revenue was up 28.3% on a year-over-year basis. As a group, analysts anticipate that IREN Limited will post 0.43 earnings per share for the current year.

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.