Baillie Gifford & Co. Sells 35,307 Shares of IREN Limited $IREN

Key Points

• Baillie Gifford trimmed its position in IREN by 6.3%, selling 35,307 shares in Q4 and now owns 527,686 shares (about 0.19%) valued at roughly $19.93 million.
• IREN's latest quarter missed estimates — EPS of ($0.44) vs. ($0.07) expected and revenue of $184.7M vs. $229.6M expected (revenue down 23.1% YoY); analysts' consensus is a "Moderate Buy" with a $70.08 target price.

Baillie Gifford & Co. trimmed its position in shares of IREN Limited (NASDAQ:IREN - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 527,686 shares of the company's stock after selling 35,307 shares during the period. Baillie Gifford & Co. owned about 0.19% of IREN worth $19,931,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IREN. Invesco Ltd. grew its holdings in IREN by 45.9% during the 2nd 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 IREN during the 2nd quarter valued at about $158,000. NewEdge Advisors LLC grew its holdings in IREN by 245.0% during the 2nd 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 IREN during the 2nd quarter valued at about $2,333,000. Finally, Peapack Gladstone Financial Corp grew its holdings in IREN by 30.0% during the 2nd 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 currently owned by institutional investors.

IREN Price Performance

Shares of IREN stock opened at $43.07 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. The company has a market capitalization of $14.31 billion, a P/E ratio of 32.38 and a beta of 4.30. The company's 50-day simple moving average is $40.61 and its two-hundred day simple moving average is $47.53. IREN Limited has a one year low of $5.24 and a one year high of $76.87.

IREN (NASDAQ:IREN - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.37). The company had revenue of $184.69 million during the quarter, compared to the consensus estimate of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The business's quarterly revenue was down 23.1% on a year-over-year basis. As a group, equities analysts anticipate that IREN Limited will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of IREN from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of IREN from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. The Goldman Sachs Group assumed coverage on shares of IREN in a report on Thursday, December 18th. They set a "neutral" rating and a $39.00 price target on the stock. HC Wainwright upgraded shares of IREN from a "sell" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Tuesday, January 13th. Finally, B. Riley Financial reiterated a "buy" rating on shares of IREN in a report on Friday, February 6th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.08.

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.

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