Roth Capital Weighs in on IREN's Q3 Earnings (NASDAQ:IREN)

Key Points

• Roth Capital raised its Q3 2026 earnings estimate for IREN Limited to ($0.02) per share, up from the previous estimate of ($0.17), maintaining a "Buy" rating with a price target of $94.00.
• Institutional investors now hold approximately 41.08% of IREN's stock, with multiple new stakes added in recent quarters.
• CEO Daniel John Roberts sold 1,000,000 shares of IREN at an average price of $33.13, reducing his ownership by 6.67% while still holding nearly 14 million shares.

IREN Limited (NASDAQ:IREN - Free Report) - Equities researchers at Roth Capital raised their Q3 2026 earnings estimates for shares of IREN in a research report issued to clients and investors on Monday, November 3rd. Roth Capital analyst D. Aftahi now anticipates that the company will earn ($0.02) per share for the quarter, up from their previous forecast of ($0.17). Roth Capital has a "Buy" rating and a $94.00 price target on the stock. The consensus estimate for IREN's current full-year earnings is $0.43 per share. Roth Capital also issued estimates for IREN's Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.23 EPS and FY2027 earnings at $0.79 EPS.

IREN (NASDAQ:IREN - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $187.30 million during the quarter, compared to analysts' expectations of $187.51 million. IREN had a net margin of 33.03% and a return on equity of 1.34%.

Several other equities analysts have also recently commented on IREN. Wall Street Zen upgraded shares of IREN from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $24.00 target price (up from $16.00) on shares of IREN in a research note on Friday, September 26th. Cantor Fitzgerald boosted their price target on shares of IREN from $27.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of IREN in a report on Wednesday, October 8th. Finally, Compass Point began coverage on shares of IREN in a report on Monday, September 15th. They issued a "buy" rating on the stock. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.64.

IREN Price Performance

NASDAQ:IREN opened at $76.41 on Thursday. The stock has a market cap of $20.78 billion, a P/E ratio of 129.51 and a beta of 4.21. IREN has a one year low of $5.13 and a one year high of $76.87. The company has a fifty day moving average price of $48.30 and a 200 day moving average price of $25.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 4.29 and a quick ratio of 4.29.

Institutional Investors Weigh In On IREN

Several large investors have recently made changes to their positions in IREN. Global Retirement Partners LLC bought a new stake in shares of IREN in the 3rd quarter worth about $25,000. Quarry LP bought a new stake in shares of IREN in the 1st quarter worth about $40,000. Sherman Asset Management Inc. bought a new stake in shares of IREN in the 3rd quarter worth about $59,000. Delta Financial Group Inc. bought a new stake in shares of IREN in the 1st quarter worth about $61,000. Finally, R Squared Ltd grew its holdings in shares of IREN by 170.1% in the 1st quarter. R Squared Ltd now owns 10,290 shares of the company's stock worth $63,000 after purchasing an additional 6,480 shares during the last quarter. Institutional investors own 41.08% of the company's stock.

Insider Buying and Selling at IREN

In other news, CEO Daniel John Roberts sold 1,000,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $33.13, for a total value of $33,130,000.00. Following the sale, the chief executive officer owned 13,989,696 shares of the company's stock, valued at approximately $463,478,628.48. This represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.02% of the company's stock.

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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