Roth Capital Analysts Decrease Earnings Estimates for IREN

IREN Limited (NASDAQ:IREN) – Roth Capital cut their Q1 2026 earnings estimates for shares of IREN in a report released on Tuesday, September 23rd. Roth Capital analyst D. Aftahi now expects that the company will earn $0.13 per share for the quarter, down from their prior estimate of $0.16. Roth Capital currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for IREN’s current full-year earnings is $0.43 per share.

A number of other research firms have also commented on IREN. BTIG Research upped their price target on shares of IREN from $22.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Jones Trading lowered shares of IREN from a “buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Cantor Fitzgerald upped their price target on shares of IREN from $27.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Compass Point assumed coverage on shares of IREN in a report on Monday, September 15th. They set a “buy” rating for the company. Finally, B. Riley upped their price objective on shares of IREN from $22.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and a consensus target price of $39.45.

IREN Trading Up 12.9%

NASDAQ:IREN opened at $47.14 on Wednesday. The company has a fifty day moving average of $24.33 and a 200 day moving average of $14.25. IREN has a 52 week low of $5.13 and a 52 week high of $49.30. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $12.82 billion, a P/E ratio of 79.90 and a beta of 4.03.

IREN (NASDAQ:IREN) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. IREN had a net margin of 33.03% and a return on equity of 1.34%. The company had revenue of $187.30 million during the quarter, compared to analyst estimates of $187.51 million.

Insider Buying and Selling at IREN

In related news, CEO Daniel John Roberts sold 1,000,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the sale, the chief executive officer directly owned 13,989,696 shares of the company’s stock, valued at approximately $463,478,628.48. This represents a 6.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.55% of the stock is owned by corporate insiders.

Institutional Trading of IREN

Institutional investors have recently bought and sold shares of the company. Aurelius Capital Management LP purchased a new stake in IREN during the 1st quarter valued at about $311,000. Balefire LLC purchased a new stake in IREN during the 2nd quarter valued at about $1,214,000. Maridea Wealth Management LLC grew its position in IREN by 57.1% during the 1st quarter. Maridea Wealth Management LLC now owns 320,167 shares of the company’s stock valued at $1,950,000 after purchasing an additional 116,408 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in IREN during the 2nd quarter valued at about $4,808,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in IREN during the 2nd quarter valued at about $254,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

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.