Global Assets Advisory LLC Makes New Investment in IREN Limited $IREN

Global Assets Advisory LLC purchased a new position in shares of IREN Limited (NASDAQ:IREN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,870 shares of the company’s stock, valued at approximately $411,000.

Several other large investors have also modified their holdings of the business. Miller Wealth Advisors LLC increased its position in IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in IREN during the fourth quarter valued at about $26,000. Clearstead Trust LLC acquired a new stake in IREN during the 4th quarter worth approximately $27,000. Aventura Private Wealth LLC acquired a new stake in shares of IREN in the fourth quarter worth $28,000. Finally, Motco purchased a new position in shares of IREN in the 4th quarter valued at $30,000. 41.08% of the stock is currently owned by institutional investors and hedge funds.

IREN Stock Performance

Shares of IREN stock opened at $59.78 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The firm’s 50-day simple moving average is $46.39 and its 200-day simple moving average is $46.15. IREN Limited has a 1 year low of $8.28 and a 1 year high of $76.87. The firm has a market cap of $21.36 billion, a PE ratio of 124.54 and a beta of 4.17.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The firm had revenue of $144.80 million during the quarter, compared to the consensus estimate of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. Equities analysts forecast that IREN Limited will post -1.09 earnings per share for the current fiscal year.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN announced a $1.6 billion purchase agreement with Dell for Blackwell systems to support its previously disclosed five-year, $3.4 billion AI cloud contract, reinforcing confidence that the company can scale its AI infrastructure business. Article Title
• Positive Sentiment: The Dell deal is expected to lift IREN’s annualized run-rate revenue from $3.7 billion to $4.4 billion once the systems are commissioned, signaling meaningful future growth if execution stays on track. Article Title
• Positive Sentiment: Investor enthusiasm is also being boosted by high-profile ownership changes, including a report that Paul Tudor Jones increased his IREN stake by 57%, which can be read as a vote of confidence in the company’s AI infrastructure strategy. Article Title
• Neutral Sentiment: Media coverage and commentary continue to frame IREN as an AI infrastructure beneficiary, with traders focusing on whether Nvidia/Blackwell demand can keep driving upside in the stock. Article Title
• Negative Sentiment: The new revenue targets depend on timely hardware delivery, commissioning, and financing, and the company notes the forecast is not fully contracted, leaving some execution risk for investors. Article Title

Analyst Upgrades and Downgrades

IREN has been the subject of a number of research reports. BTIG Research upped their price target on shares of IREN to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of IREN in a research report on Tuesday, February 10th. JPMorgan Chase & Co. increased their target price on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $44.00 target price on shares of IREN in a report on Friday, May 8th. Finally, HC Wainwright boosted their price target on IREN to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and a consensus price target of $71.77.

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.