IREN Limited $IREN Stake Lowered by Continuum Advisory LLC

Continuum Advisory LLC cut its stake in shares of IREN Limited (NASDAQ:IREN) by 37.6% in the 4th quarter, Holdings Channel reports. The firm owned 44,795 shares of the company’s stock after selling 27,036 shares during the quarter. Continuum Advisory LLC’s holdings in IREN were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in IREN. Invesco Ltd. grew its holdings in shares of IREN by 45.9% during the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after purchasing an additional 936,333 shares during the last quarter. StoneX Group Inc. bought a new position in shares of IREN during the second quarter valued at approximately $158,000. NewEdge Advisors LLC grew its holdings in shares of IREN by 245.0% during the second quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock valued at $631,000 after purchasing an additional 30,736 shares during the last quarter. Sei Investments Co. bought a new position in shares of IREN during the second quarter valued at approximately $2,333,000. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of IREN by 30.0% during the second quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock valued at $265,000 after purchasing an additional 4,200 shares during the last quarter. 41.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sanford C. Bernstein set a $96.00 target price on IREN in a report on Thursday. Freedom Capital raised IREN to a “hold” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a report on Monday, May 11th. The Goldman Sachs Group set a $50.00 price objective on IREN in a research report on Wednesday, May 27th. Finally, Cantor Fitzgerald boosted their price objective on IREN from $77.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.62.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: B. Riley raised its price target on IREN to $96 from $88 and kept a buy rating after the company secured a transmission connection agreement for its planned 800 MW data center campus in South Australia, reinforcing optimism around its AI/data center expansion. B. Riley raises IREN price target to $96 after 800 MW South Australia data center agreement
• Positive Sentiment: Coverage on IREN highlighted the company as an “AI powerhouse in play,” reflecting growing investor interest in its pivot toward AI cloud and data center infrastructure rather than just bitcoin mining. IREN Limited: An AI Powerhouse In Play
• Positive Sentiment: Reuters reported that several crypto/data center projects in Texas failed voltage tests, which could underscore the value of IREN’s stronger grid-planning and transmission agreements for future expansion. Texas grid flags risks as data centers, crypto sites fail voltage tests
• Neutral Sentiment: Recent articles noted IREN’s shares had already rallied sharply in May after first-quarter earnings and a new partnership with Nvidia, but some investors are now questioning whether the move has gone too far. Why IREN Limited Rallied Almost 40% in May
• Negative Sentiment: Crypto-linked equities weakened amid a renewed bitcoin pullback, and IREN was cited as one of the names sold off on that move; the stock is still sensitive to bitcoin swings despite its AI transition. IREN slides 5.7% as crypto-linked equities weaken amid renewed bitcoin pullback
• Negative Sentiment: Market commentary also pointed to profit-taking after IREN’s strong multi-month run, with concerns about bitcoin mining revenue volatility, impairment charges, and competition in AI data centers. IREN Stock Rises 60% in 3 Months: Time to Hold or Book Profits?

IREN Stock Performance

Shares of NASDAQ IREN opened at $54.35 on Friday. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. The stock has a 50 day simple moving average of $49.82 and a 200-day simple moving average of $46.60. The company has a market cap of $19.42 billion, a PE ratio of 113.23 and a beta of 4.22. IREN Limited has a 12-month low of $9.08 and a 12-month high of $76.87.

IREN (NASDAQ:IREN) last announced its earnings results 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 negative return on equity of 13.13% and a net margin of 20.90%.The firm had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. On average, equities research analysts forecast that IREN Limited will post -1.17 EPS for the current year.

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.