Morse Asset Management Inc Takes $3.46 Million Position in IREN Limited $IREN

Key Points

• Morse Asset Management bought a new stake of 73,642 shares of IREN (≈$3.456 million) in Q3, and institutional investors now own about 41.08% of the company.
• IREN reported an EPS miss (−$0.44 vs. −$0.07 expected) with revenue down 23.1% year‑over‑year, though analysts still project 0.43 EPS for the year and a consensus target price of $71.69.
• A reported Microsoft agreement (~200 MW, ~$9.7B) and a proposed $6B ATM position IREN as an emerging AI‑infrastructure player but have sparked debate over significant dilution risk versus growth funding.

Morse Asset Management Inc bought a new stake in shares of IREN Limited (NASDAQ:IREN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 73,642 shares of the company's stock, valued at approximately $3,456,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new stake in IREN in the second quarter valued at approximately $255,000. Foundations Investment Advisors LLC bought a new position in shares of IREN in the second quarter worth approximately $146,000. SG Americas Securities LLC increased its stake in shares of IREN by 6.8% in the second quarter. SG Americas Securities LLC now owns 103,945 shares of the company's stock worth $1,514,000 after buying an additional 6,656 shares during the period. Weaver Consulting Group bought a new stake in IREN during the 2nd quarter valued at $207,000. Finally, Main Management ETF Advisors LLC raised its holdings in IREN by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 105,528 shares of the company's stock valued at $1,538,000 after buying an additional 1,716 shares during the last quarter. 41.08% of the stock is currently owned by institutional investors.

IREN Stock Performance

NASDAQ:IREN opened at $44.94 on Tuesday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. The firm's fifty day simple moving average is $46.64 and its 200 day simple moving average is $46.97. The stock has a market cap of $14.93 billion, a P/E ratio of 33.79 and a beta of 4.31. IREN Limited has a twelve month low of $5.13 and a twelve month high of $76.87.

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

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Microsoft agreement reframes IREN as an AI-infrastructure provider (200 MW, ~$9.7B agreement and funding commitments), improving revenue runway and investor re-rating. IREN Microsoft Deal Recasts Crypto Miner As Emerging AI Infrastructure Player
• Positive Sentiment: A Seeking Alpha piece argues IREN’s $6B ATM is a growth tool to fund rapid capacity buildout rather than an immediate shareholder threat, framing dilution as manageable if growth materializes. Why I See IREN's $6B ATM As A Growth Tool, Not A Threat To Shareholders
• Positive Sentiment: The Motley Fool predicts IREN could become a major AI infrastructure winner by 2028, citing its land, power access and large contracts (including Microsoft) as competitive advantages. Prediction: IREN Could Be One of the Biggest AI Infrastructure Winners by 2028
• Neutral Sentiment: Sector catalyst: a $27B AI-infrastructure funding rationale boosted related names (including IREN), supporting momentum but not changing company-specific fundamentals. Lumentum, SanDisk, and IREN Are All Rallying Today — Here's the $27 Billion Reason Why
• Neutral Sentiment: Market-wide neocloud/AI trade coverage groups IREN with other cloud/AI infra names, lifting sentiment but offering limited new company-specific data. Neocloud Stocks Skyrocket: Why IREN, CoreWeave, and MARA Holdings Are Rallying
• Neutral Sentiment: Retail/independent bullish write-ups summarize a positive thesis (valuation, growth potential) but rely on forward assumptions; useful for sentiment but less for near-term fundamentals. Is IREN Limited (IREN) A Good Stock To Buy Now?
• Negative Sentiment: Counterpoint: another Seeking Alpha piece warns the $6B ATM (≈50% of market cap) creates real dilution risk; rapid capacity rollouts may compress valuation even as revenue grows. IREN's Massive AI Opportunity Faces Dilution Risk

Analysts Set New Price Targets

IREN has been the subject of several analyst reports. Citizens Jmp set a $80.00 price target on shares of IREN in a research report on Wednesday, November 19th. Canaccord Genuity Group restated a "buy" rating and issued a $70.00 price objective on shares of IREN in a research report on Tuesday, February 10th. Cantor Fitzgerald lowered their price objective on shares of IREN to $82.00 and set an "overweight" rating for the company in a research note on Friday, February 6th. Wall Street Zen lowered shares of IREN from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. Finally, Zacks Research raised IREN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 16th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, IREN has a consensus rating of "Moderate Buy" and a consensus target price of $71.69.

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.

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