Peterson Wealth Services Acquires 17,234 Shares of IREN Limited $IREN

Peterson Wealth Services boosted its holdings in shares of IREN Limited (NASDAQ:IREN) by 9,417.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,417 shares of the company’s stock after purchasing an additional 17,234 shares during the quarter. Peterson Wealth Services’ holdings in IREN were worth $658,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IREN. BNP Paribas Financial Markets bought a new stake in IREN during the 4th quarter valued at approximately $158,677,000. Situational Awareness LP boosted its holdings in IREN by 90.1% in the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock valued at $93,254,000 after purchasing an additional 3,034,254 shares during the period. Voloridge Investment Management LLC boosted its holdings in IREN by 1,444.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,652,577 shares of the company’s stock valued at $77,555,000 after purchasing an additional 1,545,579 shares during the period. Marshall Wace LLP boosted its holdings in IREN by 247.7% in the 3rd quarter. Marshall Wace LLP now owns 2,032,397 shares of the company’s stock valued at $95,380,000 after purchasing an additional 1,447,842 shares during the period. Finally, Merewether Investment Management LP bought a new stake in IREN in the 2nd quarter valued at $21,025,000. Institutional investors own 41.08% of the company’s stock.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN signed a $1.6 billion agreement with Dell to acquire Blackwell AI systems, supporting its previously disclosed five-year, $3.4 billion managed services AI cloud contract and signaling major AI-related revenue potential. Article Title
• Positive Sentiment: Coverage highlighted IREN’s rapidly expanding 5.8 GW data center buildout and its AI infrastructure partnerships, including work tied to Nvidia, which strengthens the company’s growth story and market positioning in high-performance computing. Article Title
• Positive Sentiment: Analyst and media commentary continued to frame IREN as a beneficiary of the AI data-center boom, with notes that the company is shifting away from crypto mining and scaling its infrastructure footprint quickly. Article Title
• Neutral Sentiment: IREN laid out project plans for a data center at its first public hearing, which keeps development on track but does not appear to be a major market-moving catalyst by itself. Article Title
• Negative Sentiment: Some recent commentary remained cautious, with one analysis arguing IREN’s hyper-growth plans could disappoint, suggesting valuation and execution risk remain important for investors. Article Title

Wall Street Analysts Forecast Growth

IREN has been the subject of a number of research reports. HC Wainwright increased their price target on shares of IREN to $85.00 and gave the company a “buy” rating in a report on Friday, May 8th. Sanford C. Bernstein set a $96.00 price target on shares of IREN in a report on Thursday, June 4th. Canaccord Genuity Group increased their price target on shares of IREN from $70.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Freedom Capital raised shares of IREN to a “hold” rating in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group set a $50.00 price objective on IREN in a research report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, IREN has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

IREN Price Performance

Shares of IREN stock opened at $56.71 on Friday. The stock has a 50 day moving average of $51.48 and a two-hundred day moving average of $46.89. The company has a market capitalization of $20.27 billion, a P/E ratio of 118.15 and a beta of 4.22. IREN Limited has a 12 month low of $9.52 and a 12 month high of $76.87. 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 released its quarterly earnings data on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The business had revenue of $144.80 million for the quarter, compared to the consensus estimate of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. As a group, equities analysts expect that IREN Limited will post -1.25 EPS for the current 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.