Private Advisor Group LLC Purchases 88,081 Shares of IREN Limited $IREN

Key Points

• Private Advisor Group increased its stake in IREN by 12.7%, buying 88,081 shares to hold 781,666 shares worth about $36.7 million (≈0.29% of the company).
• IREN missed quarterly estimates — EPS of -$0.44 vs. -$0.07 expected and revenue of $184.7M vs. $229.6M expected — with revenue down about 23.1% year‑over‑year.
• The company is pursuing a large GPU/data‑center buildout funded by a proposed US$6B ATM

Private Advisor Group LLC raised its position in IREN Limited (NASDAQ:IREN - Free Report) by 12.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 781,666 shares of the company's stock after acquiring an additional 88,081 shares during the period. Private Advisor Group LLC owned approximately 0.29% of IREN worth $36,684,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversify Advisory Services LLC acquired a new position in shares of IREN during the third quarter worth approximately $761,000. Rathbones Group PLC acquired a new stake in IREN in the 3rd quarter valued at $541,000. Neuberger Berman Group LLC acquired a new stake in IREN in the 3rd quarter valued at $4,287,000. SPX Gestao de Recursos Ltda bought a new stake in IREN during the 3rd quarter valued at $3,407,000. Finally, Insigneo Advisory Services LLC bought a new stake in IREN during the 3rd quarter valued at $257,000. Institutional investors own 41.08% of the company's stock.

IREN Price Performance

Shares of NASDAQ:IREN opened at $38.84 on Tuesday. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. The stock has a market cap of $12.91 billion, a PE ratio of 29.20 and a beta of 4.31. The stock's fifty day simple moving average is $46.57 and its two-hundred day simple moving average is $46.30. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87.

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). The firm 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 company's revenue for the quarter was down 23.1% on a year-over-year basis. As a group, analysts forecast that IREN Limited will post 0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research raised shares of IREN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 16th. Canaccord Genuity Group reissued a "buy" rating and set a $70.00 target price on shares of IREN in a research report on Tuesday, February 10th. Citizens Jmp set a $80.00 target price on shares of IREN in a report on Wednesday, November 19th. Cantor Fitzgerald dropped their price target on shares of IREN to $82.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen downgraded IREN from a "hold" rating to a "strong sell" rating in a research note on Saturday, February 7th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.69.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed a Buy rating on IREN, which supports investor confidence in the company’s strategy and helps explain upward pressure on the stock. Cantor Fitzgerald Sticks to Their Buy Rating for IREN (IREN)
• Positive Sentiment: Company co‑CEO publicly defended the US$6B ATM plan and framed the GPU/data‑center expansion as likely to deliver outsized returns, which reassures growth‑oriented investors that management is committed to scaling AI cloud services. IREN co-CEO defends $6B equity plan as AI boom fuels massive data center spending: 'Likely to deliver outsized returns'
• Positive Sentiment: Analysis pieces (e.g., Seeking Alpha) argue the GPU spending is strategic rather than reckless, helping justify the capital outlay if revenue from AI cloud ramps as planned. That narrative supports a longer‑term bull case. IREN Limited: Don't Fret GPU Spending
• Neutral Sentiment: Coverage noting a 22% six‑month gain highlights strong AI cloud momentum but also flags premium valuation and rising competition — a balanced take that may temper overly optimistic expectations. IREN Limited Rises 22% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Multiple analyses emphasize the US$6B ATM program could cause meaningful shareholder dilution if shares are sold to fund the GPU purchases, increasing investor concern and selling pressure. IREN’s US$6b Equity Plan Tests AI Expansion And Dilution Risks
• Negative Sentiment: Deep dives stressing the commitment to buy 50,000+ NVIDIA B300 GPUs and the size of the equity program focus attention on execution risk, short‑term revenue visibility, and margin pressure during the buildout. Assessing IREN NasdaqGS: IREN After Massive GPU Build Out And $6b Equity Program Announcement

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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