IREN Limited (NASDAQ:IREN - Free Report) - Stock analysts at B. Riley lifted their FY2025 earnings per share estimates for IREN in a research report issued on Wednesday, July 9th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of $0.18 for the year, up from their previous estimate of $0.15. B. Riley has a "Buy" rating and a $22.00 price target on the stock. The consensus estimate for IREN's current full-year earnings is $0.43 per share. B. Riley also issued estimates for IREN's FY2026 earnings at $0.67 EPS.
IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). IREN had a negative net margin of 9.40% and a negative return on equity of 2.12%. The company had revenue of $148.10 million for the quarter, compared to the consensus estimate of $153.38 million.
Several other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of IREN from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of IREN from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $15.00 to $12.00 in a report on Thursday, March 13th. Macquarie lifted their price objective on shares of IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Canaccord Genuity Group reissued a "buy" rating and set a $23.00 price objective on shares of IREN in a report on Friday, May 16th. Finally, HC Wainwright cut their price objective on shares of IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $20.44.
Check Out Our Latest Report on IREN
IREN Stock Performance
Shares of IREN stock traded down $0.52 on Thursday, hitting $16.52. 17,546,636 shares of the company traded hands, compared to its average volume of 16,858,300. The stock's 50 day moving average price is $10.47 and its 200-day moving average price is $9.43. IREN has a 52 week low of $5.13 and a 52 week high of $18.54.
Hedge Funds Weigh In On IREN
Several institutional investors and hedge funds have recently bought and sold shares of IREN. Arrowstreet Capital Limited Partnership grew its holdings in IREN by 1,307.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock worth $55,825,000 after purchasing an additional 5,280,999 shares during the last quarter. Situational Awareness LP purchased a new position in IREN in the first quarter worth $20,500,000. Discovery Capital Management LLC CT purchased a new stake in shares of IREN during the fourth quarter valued at $11,544,000. Two Sigma Investments LP grew its holdings in shares of IREN by 193.2% during the fourth quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company's stock valued at $15,738,000 after buying an additional 1,056,005 shares during the last quarter. Finally, Regal Partners Ltd grew its holdings in shares of IREN by 93.9% during the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock valued at $16,670,000 after buying an additional 822,251 shares during the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.
IREN Company Profile
(
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Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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