Ascent Wealth Partners LLC Takes $523,000 Position in IREN Limited $IREN

Ascent Wealth Partners LLC purchased a new stake in IREN Limited (NASDAQ:IREN) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,247 shares of the company’s stock, valued at approximately $523,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Situational Awareness LP lifted its holdings in IREN by 20.5% in the fourth quarter. Situational Awareness LP now owns 8,700,621 shares of the company’s stock worth $328,622,000 after buying an additional 1,480,200 shares during the period. Marex Group plc raised its position in shares of IREN by 14,216.7% in the 4th quarter. Marex Group plc now owns 4,471,263 shares of the company’s stock worth $168,880,000 after acquiring an additional 4,440,032 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of IREN in the 4th quarter valued at approximately $158,677,000. Clear Street Group Inc. purchased a new position in shares of IREN in the 4th quarter valued at approximately $137,075,000. Finally, Value Aligned Research Advisors LLC boosted its position in shares of IREN by 10.9% during the third quarter. Value Aligned Research Advisors LLC now owns 3,621,974 shares of the company’s stock valued at $169,979,000 after purchasing an additional 355,826 shares in the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IREN. Weiss Ratings cut IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 7th. B. Riley Financial boosted their target price on shares of IREN from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, June 4th. The Goldman Sachs Group set a $50.00 target price on shares of IREN in a research report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on shares of IREN from $39.00 to $46.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Finally, Sanford C. Bernstein set a $96.00 price objective on shares of IREN in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, IREN presently has a consensus rating of “Moderate Buy” and an average price target of $82.36.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Despite the recent decline, one analyst-focused note says Wall Street forecasts still imply about 123% upside for IREN, suggesting some investors continue to see meaningful long-term value in the stock. IREN Stock: Why Analysts’ Forecast Points to 123% Upside despite Selloff
• Neutral Sentiment: Commentary from an investor letter and related coverage points to skepticism around IREN’s rapid business transitions, which appears to be weighing on sentiment but does not indicate a major new operational setback. Investors’ Skepticism Over Rapid Transitions Weighed on IREN Limited (IREN) in Q2
• Negative Sentiment: IREN has been caught in a broader selloff across neocloud and AI data-center stocks, with investors increasingly worried that AI spending expectations may be too aggressive, pressuring the shares lower. Here’s why IREN, CoreWeave, and Nebius stocks are in free fall
• Negative Sentiment: Another report highlighted that IREN has dropped to its lowest level since early April and is more than 50% below its yearly high, reinforcing the market’s negative momentum and weak near-term sentiment. CRWV, NBIS, IREN: Why Are Neocloud Stocks Falling Today, 7/16/26?

IREN Stock Performance

NASDAQ IREN opened at $33.62 on Monday. IREN Limited has a 12 month low of $14.72 and a 12 month high of $76.87. The stock has a market cap of $12.02 billion, a P/E ratio of 70.04 and a beta of 4.27. The stock’s fifty day moving average price is $52.24 and its 200-day moving average price is $47.62. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). IREN had a net margin of 20.90% and a negative return on equity of 13.13%. The firm had revenue of $144.79 million for the quarter, compared to analysts’ expectations of $219.69 million. As a group, equities analysts forecast that IREN Limited will post -1.25 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.