IREN Limited $IREN Shares Sold by United Advisor Group LLC

United Advisor Group LLC trimmed its holdings in IREN Limited (NASDAQ:IREN) by 69.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,870 shares of the company’s stock after selling 45,232 shares during the quarter. United Advisor Group LLC’s holdings in IREN were worth $812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP grew its position in shares of IREN by 4.4% in the second quarter. Allworth Financial LP now owns 7,162 shares of the company’s stock valued at $328,000 after purchasing an additional 305 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of IREN by 14.5% in the second quarter. Versant Capital Management Inc now owns 2,509 shares of the company’s stock valued at $115,000 after purchasing an additional 317 shares during the last quarter. Hollencrest Capital Management lifted its position in IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after buying an additional 350 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in IREN by 3.7% during the third quarter. WealthPlan Investment Management LLC now owns 11,190 shares of the company’s stock worth $457,000 after buying an additional 404 shares in the last quarter. Finally, Ascent Wealth Partners LLC lifted its position in IREN by 2.6% during the third quarter. Ascent Wealth Partners LLC now owns 15,866 shares of the company’s stock worth $649,000 after buying an additional 404 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Stock Up 20.0%

Shares of NASDAQ IREN opened at $21.64 on Friday. The company has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $43.60. The company has a market capitalization of $8.53 billion, a P/E ratio of -5.30 and a beta of 4.33. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.55 and a quick ratio of 3.55. IREN Limited has a 1 year low of $17.16 and a 1 year high of $70.71.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.06. IREN had a negative net margin of 194.36% and a negative return on equity of 18.98%. The firm had revenue of $228.00 million for the quarter, compared to analyst estimates of $228.26 million. On average, equities research analysts predict that IREN Limited will post -0.49 earnings per share for the current year.

Analyst Ratings Changes

IREN has been the topic of a number of recent research reports. Morgan Stanley lowered IREN to a “buy” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 target price on shares of IREN in a research note on Friday. Cantor Fitzgerald reduced their price target on IREN from $99.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup reiterated a “market outperform” rating on shares of IREN in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. raised shares of IREN from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $46.00 to $65.00 in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.54.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

IREN Profile

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.

Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.