Maridea Wealth Management LLC Has $12.59 Million Holdings in IREN Limited $IREN

Maridea Wealth Management LLC lowered its stake in IREN Limited (NASDAQ:IREN) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 268,174 shares of the company’s stock after selling 70,727 shares during the quarter. IREN comprises approximately 2.0% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Maridea Wealth Management LLC’s holdings in IREN were worth $12,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of IREN during the third quarter worth $25,000. Sherman Asset Management Inc. bought a new stake in IREN in the 3rd quarter valued at $59,000. Advisors Asset Management Inc. boosted its stake in IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after purchasing an additional 1,839 shares during the period. Vermillion Wealth Management Inc. bought a new position in IREN during the 3rd quarter worth about $74,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of IREN in the 2nd quarter valued at about $146,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on IREN shares. JPMorgan Chase & Co. upped their price objective on IREN from $28.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, November 24th. Citigroup started coverage on IREN in a research note on Wednesday, November 19th. They issued an “outperform” rating on the stock. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 13th. UBS Group reissued a “buy” rating on shares of IREN in a research report on Friday, November 7th. Finally, The Goldman Sachs Group initiated coverage on shares of IREN in a report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IREN currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: B. Riley raised its price target from $74 to $83 and kept a Buy rating, citing improved adjusted EBITDA and bullish outlook on IREN’s AI/data‑center opportunity. This upgrade adds upside analyst momentum. B. Riley Keeps a Buy Rating on IREN Limited
• Positive Sentiment: IREN appointed John Gross as Chief Innovation Officer to lead thermal architecture and engineering standards for high‑density, liquid‑cooled data centers — a move that strengthens technical capability as AI workloads intensify. IREN Appoints John Gross as Chief Innovation Officer
• Positive Sentiment: Analyst commentary (Seeking Alpha) argues investors should look past the post‑earnings pullback because AI cloud revenue is accelerating (Q2 AI services up sharply) and management reaffirmed a $3.4B ARR target, supporting a longer‑term growth case. IREN Investors: Look Beyond That $3.4B Target
• Neutral Sentiment: A Seeking Alpha piece frames IREN as “crypto pain, AI gain,” highlighting the company’s pivot toward AI cloud services while noting transitional challenges from prior Bitcoin exposure; this frames the story as strategic repositioning rather than an immediate catalyst. IREN: Crypto Pain, AI Gain
• Neutral Sentiment: Zacks’ comparison with MicroStrategy (MSTR) highlights that Strategy’s expanding Bitcoin holdings and lower valuation give it an edge today, implying relative performance risk for IREN while it executes its AI pivot. IREN vs. MSTR: Which Bitcoin-Focused Stock is a Buy Right Now?
• Negative Sentiment: Recent earnings (Feb 5) showed an EPS miss and revenue below estimates, with quarterly revenue down y/y — a core near‑term driver of the post‑earnings sell‑off that continues to pressure the stock. IREN Price Performance / Earnings Summary
• Negative Sentiment: Insider activity and institutional flows are mixed but notable: QuiverQuant flags large insider sales by both co‑CEOs and uneven hedge‑fund moves, which can undermine sentiment and increase volatility. IREN Limited Appoints John Gross as Chief Innovation Officer

IREN Price Performance

NASDAQ:IREN opened at $40.97 on Wednesday. The stock has a market capitalization of $13.61 billion, a PE ratio of 30.80 and a beta of 4.27. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The firm has a fifty day simple moving average of $46.08 and a 200 day simple moving average of $44.03. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51.

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

IREN 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.