GM Advisory Group LLC Purchases 28,585 Shares of IREN Limited $IREN

GM Advisory Group LLC lifted its position in shares of IREN Limited (NASDAQ:IREN) by 246.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,185 shares of the company’s stock after purchasing an additional 28,585 shares during the quarter. GM Advisory Group LLC’s holdings in IREN were worth $1,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IREN. Global Retirement Partners LLC purchased a new position in IREN during the third quarter valued at $25,000. Allianz SE purchased a new position in IREN during the 3rd quarter valued at about $57,000. Sherman Asset Management Inc. bought a new stake in IREN during the third quarter worth about $59,000. Banque Cantonale Vaudoise purchased a new stake in IREN in the third quarter worth about $67,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in IREN in the third quarter worth about $74,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Trading Down 4.4%

IREN stock opened at $42.96 on Wednesday. IREN Limited has a one year low of $5.13 and a one year high of $76.87. The business’s fifty day moving average is $46.58 and its 200 day moving average is $47.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. The stock has a market capitalization of $14.27 billion, a PE ratio of 32.30 and a beta of 4.31.

IREN (NASDAQ:IREN) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. The firm’s revenue was down 23.1% on a year-over-year basis. On average, sell-side analysts predict that IREN Limited will post 0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IREN shares. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price target on shares of IREN in a research report on Tuesday, February 10th. Weiss Ratings upgraded IREN from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. The Goldman Sachs Group assumed coverage on shares of IREN in a research report on Thursday, December 18th. They set a “neutral” rating and a $39.00 price objective on the stock. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 target price for the company in a report on Tuesday, January 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of IREN in a report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major Microsoft agreement re-positions IREN from crypto miner toward AI infrastructure — coverage reports a multibillion-dollar Microsoft infrastructure agreement (reported ~$9.7B tied to 200 MW and broader capacity commitments). That deal gives IREN a large blue‑chip customer and a clear AI revenue pathway. Article Title
• Positive Sentiment: Large capacity build-out underpins LT revenue upside — reporting highlights IREN’s multi‑GW power footprint (4.5 GW cited across coverage), which analysts link to accelerating revenue potential from hyperscale AI customers over 2026–2028. Article Title
• Neutral Sentiment: Media and momentum flows are driving interest — several retail and thematic pieces note that IREN’s dramatic run from low single digits to the $70s last year has attracted Wall Street and retail attention, helping volatility and trading volume. Article Title
• Neutral Sentiment: AI sector catalysts lifted related names — broader AI infrastructure stories (e.g., a $27B Nebius-related catalyst) have buoyed stocks like IREN even where direct exposure varies; this is more sentiment-driven than proof of sustainable earnings today. Article Title
• Negative Sentiment: Dilution risk from a large ATM offering is weighing on the stock — coverage flags a $6B ATM program (roughly half of market cap) that could meaningfully dilute existing holders as IREN raises equity to fund its build‑out. That concern is a core reason some investors are selling into the AI narrative. Article Title
• Negative Sentiment: Operational and recent financial performance remain a caution — prior quarterly results showed an EPS miss and year‑over‑year revenue decline, underscoring execution risk as IREN scales rapidly (these fundamentals amplify sensitivity to dilution and execution slips).

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.