Foundations Investment Advisors LLC Boosts Holdings in IREN Limited $IREN

Foundations Investment Advisors LLC increased its holdings in IREN Limited (NASDAQ:IREN) by 31.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,832 shares of the company’s stock after purchasing an additional 36,078 shares during the period. Foundations Investment Advisors LLC’s holdings in IREN were worth $5,735,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IREN. Situational Awareness LP lifted its holdings in IREN by 90.1% in the 2nd quarter. Situational Awareness LP now owns 6,400,384 shares of the company’s stock worth $93,254,000 after purchasing an additional 3,034,254 shares in the last quarter. Voloridge Investment Management LLC increased its stake in IREN by 1,444.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,652,577 shares of the company’s stock worth $77,555,000 after acquiring an additional 1,545,579 shares during the last quarter. Marshall Wace LLP increased its stake in IREN by 247.7% in the 3rd quarter. Marshall Wace LLP now owns 2,032,397 shares of the company’s stock worth $95,380,000 after acquiring an additional 1,447,842 shares during the last quarter. Merewether Investment Management LP bought a new stake in IREN in the 2nd quarter worth approximately $21,025,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in IREN in the 3rd quarter worth approximately $48,708,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of IREN in a research note on Tuesday, February 10th. Wall Street Zen downgraded IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings downgraded IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. HC Wainwright lifted their price objective on IREN to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald lifted their price objective on IREN from $77.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.69.

IREN Stock Performance

NASDAQ IREN opened at $64.05 on Friday. The company has a market cap of $22.89 billion, a P/E ratio of 133.44 and a beta of 4.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.72 and a current ratio of 3.72. The business’s 50 day moving average price is $47.27 and its 200-day moving average price is $46.16. IREN Limited has a fifty-two week low of $8.28 and a fifty-two week high of $76.87.

IREN (NASDAQ:IREN) last released its earnings results on Friday, May 8th. The company reported ($0.25) earnings per share 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 the consensus estimate of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. Sell-side analysts predict that IREN Limited will post -1.09 earnings per share for the current year.

IREN News Summary

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN’s $1.6 billion Dell order for Blackwell systems supports its AI infrastructure expansion and strengthens its long-term revenue opportunity. IREN (IREN) Is Up 28.7% After US$1.6 Billion Nvidia Blackwell AI Infrastructure Deal – What’s Changed
• Positive Sentiment: Market commentary continues to frame IREN as a beneficiary of the shift from Bitcoin mining to AI data center infrastructure, which could support a higher valuation multiple over time.
• Neutral Sentiment: Analyst price targets remain generally constructive, with several recent buy ratings and targets above the current trading range.
• Negative Sentiment: Investors are worried about the large upfront capital commitment and the delayed timing of revenue from the Blackwell deployment, which increases execution risk. IREN slides after recent AI-driven rally as traders digest $1.6B Blackwell buildout spend and financing overhang
• Negative Sentiment: Recent convertible debt issuance may create hedging-related selling pressure and add dilution sensitivity for shareholders.

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.