Leonteq Securities AG Acquires New Holdings in IREN Limited $IREN

Leonteq Securities AG purchased a new position in IREN Limited (NASDAQ:IREN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,232 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IREN. Miller Wealth Advisors LLC raised its position in IREN by 240.0% in the fourth quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after acquiring an additional 480 shares in the last quarter. North Star Investment Management Corp. bought a new stake in IREN in the fourth quarter worth about $26,000. Aventura Private Wealth LLC bought a new stake in IREN in the fourth quarter worth about $28,000. Albion Financial Group UT bought a new stake in IREN in the fourth quarter worth about $38,000. Finally, CENTRAL TRUST Co bought a new stake in IREN in the fourth quarter worth about $47,000. 41.08% of the stock is currently owned by institutional investors.

IREN Price Performance

NASDAQ IREN opened at $58.06 on Friday. The stock’s 50-day moving average price is $45.42 and its two-hundred day moving average price is $46.41. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44. The company has a market cap of $20.75 billion, a PE ratio of 120.96 and a beta of 4.17. IREN Limited has a 1 year low of $8.28 and a 1 year high of $76.87.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The company had revenue of $144.80 million for the quarter, compared to analyst estimates of $219.69 million. IREN had a negative return on equity of 13.13% and a net margin of 20.90%. On average, analysts predict that IREN Limited will post -1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on IREN. Wall Street Zen cut shares of IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Cantor Fitzgerald dropped their price target on shares of IREN to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $70.00 price target on shares of IREN in a research report on Tuesday, February 10th. Weiss Ratings cut shares of IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $44.00 price target on shares of IREN in a research report on Friday, May 8th. Thirteen 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.77.

About IREN

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.