NewEdge Advisors LLC Boosts Holdings in IREN Limited $IREN

Key Points

• NewEdge Advisors increased its IREN stake by 302.5% in the second quarter, adding 89,116 shares to hold 118,577 shares valued at approximately $5.4 million.
• Institutional ownership stands at 41.08%, with several other funds also increasing or initiating positions in IREN during recent quarters.
• IREN has a Moderate Buy consensus rating and an average price target of $82.93, though the stock remains volatile amid concerns over AI-infrastructure valuations, capital needs and technology-sector weakness.

NewEdge Advisors LLC lifted its position in shares of IREN Limited (NASDAQ:IREN - Free Report) by 302.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,577 shares of the company's stock after buying an additional 89,116 shares during the period. NewEdge Advisors LLC's holdings in IREN were worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in IREN by 177.5% in the second quarter. GAMMA Investing LLC now owns 691 shares of the company's stock worth $32,000 after acquiring an additional 442 shares during the period. Clearstead Trust LLC acquired a new stake in IREN during the fourth quarter worth $27,000. Motco purchased a new stake in IREN in the fourth quarter valued at $30,000. Purpose Unlimited Inc. purchased a new stake in IREN in the fourth quarter valued at $34,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of IREN by 521.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 1,037 shares of the company's stock valued at $47,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company's stock.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: JPMorgan upgraded IREN from Underweight to Overweight and raised its price target from $46 to $65, implying roughly 48%–51% potential upside. The bank cited momentum from IREN’s AI-cloud strategy and Nvidia-related infrastructure opportunity. JPMorgan sees 48% upside for IREN after Nvidia AI cloud deal
• Positive Sentiment: BTIG maintained a Buy rating and highlighted IREN’s potentially valuable portfolio of approximately 5 gigawatts of power capacity. Access to power is a key competitive advantage as AI data-center demand expands. IREN Stock Falls Even as BTIG Says Buy
• Positive Sentiment: IREN’s co-CEO said AI-compute demand may remain unsatisfied for years, while the company could invest as much as $30 billion by mid-2027. That outlook supports the long-term growth case, although it also increases execution and financing requirements. AI Leaders Say Slow Down
• Neutral Sentiment: IREN shares have been volatile, recovering from an early decline as investors weighed the bullish analyst upgrades against concerns about the broader AI infrastructure trade. IREN Stock Is Volatile Monday
• Negative Sentiment: Neocloud stocks including IREN, CoreWeave and Nebius sold off amid AI-safety concerns and questions about whether major AI companies may moderate spending or adopt a slower development pace. Why Neocloud Stocks Are Falling
• Negative Sentiment: Weakness across technology shares added to selling pressure, offsetting the positive impact of JPMorgan’s upgrade and reinforcing concerns about the valuation and capital intensity of AI infrastructure companies. IREN Shares Fall as Technology Stocks Decline

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IREN shares. The Goldman Sachs Group reiterated a "neutral" rating on shares of IREN in a report on Monday, July 20th. B. Riley Financial boosted their price objective on shares of IREN from $88.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Weiss Ratings cut shares of IREN from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, August 31st. Compass Point reaffirmed a "buy" rating and set a $85.00 target price on shares of IREN in a research note on Friday, August 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $79.00 price target on shares of IREN in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.93.

IREN Trading Down 1.5%

IREN opened at $43.17 on Tuesday. IREN Limited has a 52 week low of $28.93 and a 52 week high of $76.87. The business has a fifty day simple moving average of $40.28 and a 200-day simple moving average of $45.54. The firm has a market cap of $17.01 billion, a P/E ratio of -18.45 and a beta of 4.28. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.80.

About IREN

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.

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