Pictet Asset Management Holding SA Purchases 22,160 Shares of IREN Limited $IREN

Pictet Asset Management Holding SA lifted its position in shares of IREN Limited (NASDAQ:IREN) by 352.2% in the 4th quarter, Holdings Channel reports. The fund owned 28,451 shares of the company’s stock after buying an additional 22,160 shares during the quarter. Pictet Asset Management Holding SA’s holdings in IREN were worth $1,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Situational Awareness LP grew its stake in shares of IREN by 90.1% during the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after acquiring an additional 3,034,254 shares during the period. Value Aligned Research Advisors LLC grew its stake in shares of IREN by 18.6% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 3,873,337 shares of the company’s stock worth $181,776,000 after acquiring an additional 607,189 shares during the period. Invesco Ltd. grew its stake in shares of IREN by 45.9% during the 2nd quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock worth $43,341,000 after acquiring an additional 936,333 shares during the period. UBS Group AG grew its stake in shares of IREN by 37.3% during the 3rd quarter. UBS Group AG now owns 2,767,452 shares of the company’s stock worth $129,877,000 after acquiring an additional 751,635 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of IREN by 247.7% during the 3rd quarter. Marshall Wace LLP now owns 2,032,397 shares of the company’s stock worth $95,380,000 after acquiring an additional 1,447,842 shares during the period. Institutional investors own 41.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $70.00 price target on shares of IREN in a research note on Tuesday, February 10th. Wall Street Zen downgraded IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Cantor Fitzgerald dropped their price objective on IREN to $61.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. B. Riley Financial reissued a “buy” rating on shares of IREN in a report on Friday, February 6th. Finally, Weiss Ratings cut IREN from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

IREN Stock Performance

Shares of IREN opened at $60.98 on Thursday. The stock’s 50-day simple moving average is $42.37 and its 200 day simple moving average is $46.74. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 45.85 and a beta of 4.17. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96. IREN Limited has a 52-week low of $6.36 and a 52-week high of $76.87.

IREN (NASDAQ:IREN) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The company had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.IREN’s revenue for the quarter was down 23.1% on a year-over-year basis. Research analysts forecast that IREN Limited will post -0.8 EPS for the current fiscal year.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Acquisition of Mirantis adds Kubernetes orchestration, enterprise support and AI cloud software capabilities — expands IREN from infrastructure-only GPU capacity toward managed AI cloud delivery, which could lift margins and customer reach. IREN Announces Acquisition of Mirantis
• Positive Sentiment: Sweetwater 1 energization de-risks capacity expansion by delivering grid?connected GPU/data?center power for AI workloads — supports near?term revenue potential as IREN brings capacity online. Iren energizes first phase of 2GW Sweetwater data center campus in Texas
• Positive Sentiment: Strong market reaction and momentum: multiple outlets highlight a sharp rally as investors re-rate IREN on AI strategy and execution progress. Short?term sentiment has turned bullish. Why Is IREN Stock Surging On Wednesday?
• Neutral Sentiment: Deal structure is all?share (?$625M at signing) — preserves cash but dilutes existing holders; Mirantis is expected to operate as a standalone unit (less immediate synergies but lower short?term integration drag). Iren to buy Mirantis for $625M
• Negative Sentiment: Recent quarterly results showed an EPS miss and revenue decline year?over?year — IREN still faces near?term margin and revenue pressure from falling Bitcoin revenue and transition costs. IREN to Report Q3 Earnings: Should You Buy, Sell or Hold the Stock?
• Negative Sentiment: Execution and integration risk: investors should watch for closing conditions, regulatory review, how Mirantis is integrated, and whether software revenue ramps as projected — Seeking Alpha highlights the need to “show me the AI revenue.” IREN: Show Me The AI Revenue

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.