IREN Limited $IREN Position Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in IREN Limited (NASDAQ:IREN) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,110,619 shares of the company’s stock after buying an additional 121,555 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.41% of IREN worth $52,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Drive Wealth Management LLC lifted its holdings in IREN by 3.0% during the 2nd quarter. Drive Wealth Management LLC now owns 40,924 shares of the company’s stock worth $596,000 after buying an additional 1,179 shares during the last quarter. Wellington Management Group LLP raised its position in shares of IREN by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company’s stock valued at $80,000 after acquiring an additional 1,387 shares in the last quarter. Centaurus Financial Inc. lifted its stake in IREN by 5.3% during the second quarter. Centaurus Financial Inc. now owns 31,150 shares of the company’s stock worth $454,000 after purchasing an additional 1,570 shares during the last quarter. Main Management ETF Advisors LLC boosted its holdings in IREN by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 105,528 shares of the company’s stock worth $1,538,000 after purchasing an additional 1,716 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in IREN by 68.4% in the second 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. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN Trading Up 11.5%

IREN stock opened at $39.92 on Monday. IREN Limited has a 52-week low of $5.13 and a 52-week high of $76.87. The company has a quick ratio of 5.52, a current ratio of 5.52 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 20.58 and a beta of 4.23. The firm has a 50-day moving average price of $52.41 and a two-hundred day moving average price of $34.24.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Roth Capital set a $94.00 target price on shares of IREN and gave the stock a “buy” rating in a report on Monday, November 3rd. Compass Point reiterated a “buy” rating and set a $105.00 price objective on shares of IREN in a research note on Friday, November 7th. Wall Street Zen cut shares of IREN from a “hold” rating to a “sell” rating in a report on Monday. BTIG Research lifted their target price on IREN from $32.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IREN in a research report on Monday, December 15th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.64.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Major contract & capital raise bolster growth outlook — Seeking Alpha highlights a potential $9.7 billion Microsoft contract, IREN’s target of ~$3.4B ARR by 2026 while using only a fraction of its power pipeline, and a recent $4B capital raise to fund GPUs and buildout. These are clear catalysts supporting revenue visibility and execution of AI data-center demand. IREN: Big Contract Catalyst
• Positive Sentiment: Analyst upgrade reduces near-term downside risk — Zacks moved IREN from “strong sell” to “hold,” which may help stabilize investor sentiment after recent volatility and supports the stock’s recovery narrative. Zacks upgrade coverage
• Neutral Sentiment: Goldman Sachs starts coverage with a neutral rating and $39 PT — initiation is not a buy and implies limited upside from current levels, so it likely tempers some of the upside from operational catalysts without adding fresh conviction. Goldman Sachs initiation
• Negative Sentiment: Analyst omission drove near-term selling pressure — A broader data-center analyst report named two preferred buys and left IREN off the top picks list, contributing to recent weakness as momentum players rotated to favorites. This explains some of the intraweek clobbering noted in coverage. Why Iren Stock Was Getting Clobbered This Week

IREN Company 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.