Stratos Wealth Partners LTD. Invests $1.97 Million in IREN Limited $IREN

Key Points

• Stratos Wealth Partners LTD. opened a new stake in IREN during Q4, acquiring 52,184 shares worth approximately $1.97 million; institutional investors now own about 41.08% of the company.
• IREN missed quarterly expectations, reporting ($0.44) EPS vs. ($0.07) expected and revenue of $184.69 million vs. $229.64 million (down 23.1% year-over-year), with a negative return on equity of 10.01%.
• Analysts are mixed but the consensus is a "Moderate Buy" with an average price target of $71.69, while the stock recently traded near $35.74 (one‑year range $5.13–$76.87), indicating substantial implied upside to analyst targets.

Stratos Wealth Partners LTD. acquired a new position in shares of IREN Limited (NASDAQ:IREN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,184 shares of the company's stock, valued at approximately $1,971,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centaurus Financial Inc. lifted its holdings in IREN by 1.1% during the third quarter. Centaurus Financial Inc. now owns 31,482 shares of the company's stock worth $1,477,000 after acquiring an additional 332 shares in the last quarter. Larson Financial Group LLC lifted its stake in IREN by 26.7% in the third quarter. Larson Financial Group LLC now owns 1,590 shares of the company's stock valued at $75,000 after buying an additional 335 shares in the last quarter. Global Retirement Partners LLC bought a new position in IREN in the third quarter valued at approximately $25,000. SLT Holdings LLC lifted its stake in IREN by 6.0% in the third quarter. SLT Holdings LLC now owns 10,600 shares of the company's stock valued at $497,000 after buying an additional 600 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new stake in shares of IREN in the fourth quarter valued at about $28,000. Institutional investors own 41.08% of the company's stock.

IREN Price Performance

IREN stock opened at $35.74 on Wednesday. The stock's fifty day moving average price is $42.08 and its two-hundred day moving average price is $47.68. IREN Limited has a one year low of $5.13 and a one year high of $76.87. 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 firm has a market cap of $11.88 billion, a PE ratio of 26.87 and a beta of 4.30.

IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates 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 for 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 expect that IREN Limited will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

IREN has been the topic of a number of research reports. Cantor Fitzgerald cut their price target on IREN to $82.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. Zacks Research upgraded IREN from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 16th. Wall Street Zen lowered IREN from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. HC Wainwright raised shares of IREN from a "sell" rating to a "buy" rating and set a $80.00 price target on the stock in a research report on Tuesday, January 13th. Finally, Freedom Capital raised shares of IREN to a "hold" rating in a research report on Wednesday, April 1st. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, IREN currently has an average rating of "Moderate Buy" and an average price target of $71.69.

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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