Exchange Traded Concepts LLC Sells 642,689 Shares of IREN Limited $IREN

Exchange Traded Concepts LLC trimmed its holdings in shares of IREN Limited (NASDAQ:IREN) by 57.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,930 shares of the company’s stock after selling 642,689 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.17% of IREN worth $17,674,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in IREN during the 2nd quarter valued at $255,000. Steward Partners Investment Advisory LLC raised its position in shares of IREN by 929.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 13,978 shares of the company’s stock worth $204,000 after acquiring an additional 12,620 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of IREN by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after acquiring an additional 1,839 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of IREN during the 2nd quarter worth $572,000. Finally, Thomist Capital Management LP purchased a new stake in shares of IREN during the 2nd quarter worth $938,000. Institutional investors own 41.08% of the company’s stock.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Seeking Alpha argues IREN is gaining an advantage in an AI-related scarce resource (infrastructure/capacity), which supports a growth story and could underpin longer-term revenue/earnings upside. IREN Is Racing To Win AI’s Most Constrained Resource – And It’s Already Winning
• Positive Sentiment: Analyst sentiment is mildly favorable: American Banking News reports an average rating of “Moderate Buy” for IREN, which can support the stock if institutional buyers follow through. IREN Limited (NASDAQ:IREN) Receives Average Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: There’s a separate item on Investis Holding SA (ticker IREN on the Swiss exchange) reporting strong rental income — this is a different company and could cause ticker confusion among retail traders but does not change IREN Limited’s fundamentals. Investis Holding SA (XSWX:IREN) Full Year 2025 Earnings Call Highlights: Strong Rental Income …
• Negative Sentiment: MSN/retail-focused coverage highlights heavy bearish retail expectations (a reported ~41% downside target), which can amplify selling pressure and volatility when many traders act at once. IREN stock under traders’ radar today – retail expects 41% downside from current levels
• Negative Sentiment: Recent fundamentals: IREN missed the last quarter’s revenue and EPS estimates (significant revenue decline y/y and an EPS miss), and the stock’s high beta (4.31) plus elevated trading volume increase downside sensitivity to negative headlines or investor repositioning. (earnings data from company release)

Analysts Set New Price Targets

Several equities analysts have issued reports on IREN shares. Wall Street Zen lowered IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. HC Wainwright raised shares of IREN from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, January 13th. Weiss Ratings upgraded shares of IREN from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of IREN in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, IREN currently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

IREN Stock Down 6.3%

Shares of IREN stock opened at $35.09 on Friday. The stock’s fifty day moving average price is $45.00 and its 200 day moving average price is $47.67. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 26.38 and a beta of 4.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The business had revenue of $184.69 million during the quarter, compared to analysts’ expectations of $229.64 million. IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The company’s revenue was down 23.1% compared to the same quarter last year. On average, research analysts expect that IREN Limited will post 0.43 earnings per share for the current fiscal year.

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.