Mandatum Life Insurance Co Ltd Takes $798,000 Position in IREN Limited $IREN

Mandatum Life Insurance Co Ltd purchased a new position in IREN Limited (NASDAQ:IREN) during the third quarter, HoldingsChannel.com reports. The fund purchased 17,000 shares of the company’s stock, valued at approximately $798,000.

Several other hedge funds also recently bought and sold shares of IREN. Oppenheimer & Co. Inc. bought a new stake in IREN during the 3rd quarter worth approximately $354,000. Roman Butler Fullerton & Co. purchased a new position in shares of IREN during the 3rd quarter valued at $252,000. Timonier Family Office LTD. bought a new position in shares of IREN in the third quarter worth $201,000. Sherman Asset Management Inc. bought a new position in shares of IREN in the third quarter worth $59,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of IREN in the third quarter worth $511,000. 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: Broad AI capex thesis — Analysts argue that a multiyear AI infrastructure spending cycle (est. ~$515B for big tech) will benefit underlying cloud and infrastructure providers, which supports higher multiples and revenue growth potential for companies with AI cloud exposure like IREN. CAPEX & Cash Flow: The Bull Case for AI Infrastructure Stocks
• Positive Sentiment: Market breadth shift toward AI spending — Commentary noting a post-correction rotation back into AI/infrastructure names implies more buyers for stocks exposed to AI cloud momentum, a tailwind for IREN’s valuation and investor flows. Bulls Take Control Amid New AI Spending & Expanding Breadth
• Positive Sentiment: Stock-selection interest in AI infra leaders — Coverage naming AI infrastructure stocks that could outperform (relative to incumbents like NVIDIA) keeps investor focus on alternative plays with attractive growth leverage, supporting demand for IREN if investors view it as a beneficiary. 3 AI Infrastructure Stocks That Can Outperform Nvidia Over The Next 5 Years
• Neutral Sentiment: Mixed post‑Q2 read — A Zacks note says IREN shares rose on AI cloud momentum after Q2, but warns the company missed EPS and revenue expectations (recent quarter: EPS miss; revenue down year-over-year) and faces rising competition and a premium valuation, suggesting caution despite positive top-line narrative. Should You Buy, Sell or Hold IREN Stock Post Q2 Earnings?
• Negative Sentiment: Price-target cut by Macquarie — Macquarie lowered IREN’s price target to $70 while keeping an Outperform rating, signaling some analyst caution that could limit upside or temper momentum even as the rating remains positive. Macquarie Lowers Iren (IREN) PT to $70 While Maintaining Outperform Rating

IREN Stock Performance

NASDAQ:IREN opened at $46.15 on Tuesday. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 34.70 and a beta of 4.26. The business has a 50 day moving average of $46.44 and a 200 day moving average of $42.95. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, February 5th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.45). The business had revenue of $184.69 million for the quarter, compared to the consensus estimate of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, sell-side analysts predict that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on IREN. The Goldman Sachs Group initiated coverage on IREN in a research report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price for the company. Citizens Jmp initiated coverage on IREN in a research report on Wednesday, November 19th. They set a “market outperform” rating and a $80.00 price target for the company. BTIG Research boosted their price objective on IREN from $32.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Canaccord Genuity Group raised their target price on shares of IREN from $42.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, UBS Group reissued a “buy” rating on shares of IREN in a research note on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.29.

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.