IREN Limited (NASDAQ:IREN - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $18.86 and last traded at $18.79, with a volume of 27238789 shares trading hands. The stock had previously closed at $18.05.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded IREN from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. HC Wainwright cut their target price on IREN from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Canaccord Genuity Group reiterated a "buy" rating and set a $23.00 price objective on shares of IREN in a research note on Friday, May 16th. Macquarie increased their target price on IREN from $15.50 to $20.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, B. Riley reissued a "buy" rating and issued a $22.00 target price (up previously from $15.00) on shares of IREN in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, IREN currently has an average rating of "Moderate Buy" and a consensus price target of $20.44.
Check Out Our Latest Research Report on IREN
IREN Trading Up 1.2%
The stock's 50-day simple moving average is $11.75 and its 200 day simple moving average is $9.68.
IREN (NASDAQ:IREN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). IREN had a negative return on equity of 2.12% and a negative net margin of 9.40%. The company had revenue of $148.10 million for the quarter, compared to analyst estimates of $153.38 million. On average, equities analysts predict that IREN Limited will post 0.43 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of IREN. Arrowstreet Capital Limited Partnership increased its holdings in IREN by 1,307.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,684,836 shares of the company's stock valued at $55,825,000 after buying an additional 5,280,999 shares during the period. Situational Awareness LP acquired a new stake in shares of IREN during the first quarter worth $20,500,000. Vident Advisory LLC lifted its position in IREN by 0.6% during the first quarter. Vident Advisory LLC now owns 2,956,712 shares of the company's stock valued at $18,006,000 after purchasing an additional 18,794 shares during the period. Invesco Ltd. increased its holdings in IREN by 22.5% in the fourth quarter. Invesco Ltd. now owns 2,311,583 shares of the company's stock valued at $22,700,000 after buying an additional 424,403 shares in the last quarter. Finally, Regal Partners Ltd increased its stake in shares of IREN by 93.9% during the fourth quarter. Regal Partners Ltd now owns 1,697,554 shares of the company's stock worth $16,670,000 after purchasing an additional 822,251 shares in the last quarter. Institutional investors own 41.08% of the company's stock.
About IREN
(
Get Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
Featured Articles
Before you consider IREN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IREN wasn't on the list.
While IREN currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
