Oppenheimer & Co. Inc. Buys 19,423 Shares of IREN Limited $IREN

Key Points

• Oppenheimer & Co. Inc. raised its stake in IREN by 257.8% in Q4, buying 19,423 shares to hold 26,958 shares worth about $1.018 million.
• IREN is pivoting toward AI/cloud delivery — announcing the acquisition of Mirantis and energizing the first phase of its 2GW Sweetwater data‑center — actions that helped trigger a sharp stock rally and analyst attention (average target ~$70.08).
• The company recently missed quarterly estimates (EPS -$0.44 vs. -$0.07; revenue $184.7M, down 23.1% y/y) and faces near‑term risks from integration/execution challenges and dilution from the all‑share Mirantis deal.

Oppenheimer & Co. Inc. raised its stake in IREN Limited (NASDAQ:IREN - Free Report) by 257.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,958 shares of the company's stock after acquiring an additional 19,423 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in IREN were worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in IREN during the third quarter valued at $25,000. Miller Wealth Advisors LLC raised its stake in shares of IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company's stock valued at $26,000 after buying an additional 480 shares during the period. North Star Investment Management Corp. purchased a new position in shares of IREN during the 4th quarter valued at $26,000. Aventura Private Wealth LLC purchased a new position in shares of IREN during the 4th quarter valued at $28,000. Finally, Albion Financial Group UT bought a new position in shares of IREN during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 41.08% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on IREN. Cantor Fitzgerald dropped their price objective on shares of IREN to $61.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut shares of IREN from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, April 22nd. Freedom Capital raised shares of IREN to a "hold" rating in a report on Wednesday, April 1st. Canaccord Genuity Group reissued a "buy" rating and set a $70.00 target price on shares of IREN in a report on Tuesday, February 10th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of IREN in a report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, IREN currently has an average rating of "Moderate Buy" and an average target price of $70.08.

Key Stories Impacting IREN

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

IREN Price Performance

IREN stock opened at $60.98 on Thursday. The firm has a 50 day moving average of $42.37 and a 200-day moving average of $46.74. The firm has a market capitalization of $20.26 billion, a P/E ratio of 45.85 and a beta of 4.17. IREN Limited has a 12 month low of $6.36 and a 12 month high of $76.87. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51.

IREN (NASDAQ:IREN - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share (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 firm had revenue of $184.69 million during the quarter, compared to analysts' expectations of $229.64 million. The company's revenue was down 23.1% on a year-over-year basis. As a group, sell-side analysts predict that IREN Limited will post -0.8 earnings per share for the current fiscal year.

IREN Company 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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