Peterson Wealth Services Buys 17,234 Shares of IREN Limited $IREN

Peterson Wealth Services increased its stake in shares of IREN Limited (NASDAQ:IREN) by 9,417.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,417 shares of the company’s stock after acquiring an additional 17,234 shares during the period. Peterson Wealth Services’ holdings in IREN were worth $658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Empowered Funds LLC bought a new position in shares of IREN during the 4th quarter worth approximately $1,478,000. Janney Montgomery Scott LLC lifted its holdings in IREN by 36.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,927 shares of the company’s stock valued at $866,000 after purchasing an additional 6,102 shares during the last quarter. X Square Capital LLC bought a new position in IREN during the 4th quarter valued at about $9,065,000. LPL Financial LLC lifted its holdings in IREN by 39.6% during the 4th quarter. LPL Financial LLC now owns 393,867 shares of the company’s stock valued at $14,876,000 after purchasing an additional 111,699 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in IREN by 36.6% during the 4th quarter. Franklin Resources Inc. now owns 13,244 shares of the company’s stock valued at $500,000 after purchasing an additional 3,548 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.

Wall Street Analyst Weigh In

IREN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Monday, May 11th. Cantor Fitzgerald lifted their price objective on IREN from $77.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. B. Riley Financial lifted their price objective on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group set a $50.00 target price on shares of IREN in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.62.

IREN Trading Up 10.1%

Shares of NASDAQ IREN opened at $56.71 on Friday. IREN Limited has a 1-year low of $9.52 and a 1-year high of $76.87. The company has a market cap of $20.27 billion, a PE ratio of 118.15 and a beta of 4.22. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $51.48 and a two-hundred day moving average of $46.89.

IREN (NASDAQ:IREN) last released its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The firm had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, equities analysts expect that IREN Limited will post -1.25 earnings per share for the current fiscal year.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN signed a $1.6 billion agreement with Dell to acquire Blackwell AI systems, supporting its previously disclosed five-year, $3.4 billion managed services AI cloud contract and signaling major AI-related revenue potential. Article Title
• Positive Sentiment: Coverage highlighted IREN’s rapidly expanding 5.8 GW data center buildout and its AI infrastructure partnerships, including work tied to Nvidia, which strengthens the company’s growth story and market positioning in high-performance computing. Article Title
• Positive Sentiment: Analyst and media commentary continued to frame IREN as a beneficiary of the AI data-center boom, with notes that the company is shifting away from crypto mining and scaling its infrastructure footprint quickly. Article Title
• Neutral Sentiment: IREN laid out project plans for a data center at its first public hearing, which keeps development on track but does not appear to be a major market-moving catalyst by itself. Article Title
• Negative Sentiment: Some recent commentary remained cautious, with one analysis arguing IREN’s hyper-growth plans could disappoint, suggesting valuation and execution risk remain important for investors. Article Title

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.