Cetera Investment Advisers lifted its stake in shares of IREN Limited (NASDAQ:IREN – Free Report) by 27.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 300,029 shares of the company’s stock after acquiring an additional 65,323 shares during the quarter. Cetera Investment Advisers’ holdings in IREN were worth $10,285,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. boosted its holdings in shares of IREN by 45.9% in the second quarter. Invesco Ltd. now owns 2,974,674 shares of the company’s stock valued at $43,341,000 after purchasing an additional 936,333 shares during the period. StoneX Group Inc. bought a new stake in IREN during the 2nd quarter valued at $158,000. NewEdge Advisors LLC raised its position in IREN by 245.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,281 shares of the company’s stock valued at $631,000 after purchasing an additional 30,736 shares in the last quarter. Sei Investments Co. bought a new stake in IREN during the 2nd quarter valued at $2,333,000. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of IREN by 30.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 18,200 shares of the company’s stock worth $265,000 after buying an additional 4,200 shares during the period. Institutional investors own 41.08% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on IREN shares. The Goldman Sachs Group restated a “neutral” rating on shares of IREN in a research note on Monday, July 20th. Cantor Fitzgerald upped their price objective on shares of IREN from $77.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. BTIG Research increased their target price on shares of IREN to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Compass Point reissued a “buy” rating on shares of IREN in a research report on Tuesday, July 21st. Finally, Citigroup restated a “market outperform” rating on shares of IREN in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.71.
IREN Trading Up 30.5%
Shares of NASDAQ:IREN opened at $38.26 on Friday. IREN Limited has a 12-month low of $14.72 and a 12-month high of $76.87. The business’s fifty day simple moving average is $49.26 and its 200-day simple moving average is $47.29. The company has a market capitalization of $13.67 billion, a PE ratio of 79.71 and a beta of 4.27. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.44.
IREN (NASDAQ:IREN – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $144.79 million for the quarter, compared to analysts’ expectations of $219.69 million. IREN had a net margin of 20.90% and a negative return on equity of 13.13%. As a group, equities research analysts predict that IREN Limited will post -1.96 earnings per share for the current fiscal year.
IREN News Roundup
Here are the key news stories impacting IREN this week:
- Positive Sentiment: IREN’s proposed 5-gigawatt expansion roadmap is being viewed as a major long-term growth catalyst. The company’s power assets and data-center real estate could give it a competitive advantage as demand for AI computing capacity grows, while phased development may allow completed capacity to help fund future expansion and reduce reliance on stock issuance. IREN’s 5-Gigawatt Roadmap Could Be a Massive Growth Catalyst
- Positive Sentiment: Investors are considering IREN as a potential catch-up trade: rival TeraWulf (WULF) and Cipher Mining (CIFR) have substantially outperformed in 2026, even though IREN is described as having the largest GPU partnership and power portfolio among the three. That relative underperformance may be attracting bargain-oriented buyers. TeraWulf and Cipher Digital Are up 50% in 2026 While IREN Lags Behind
- Neutral Sentiment: The prior session’s decline was part of a broader selloff in neocloud and AI-infrastructure stocks, highlighting the group’s high volatility. The subsequent rebound suggests sector-wide positioning, rather than company-specific news, is currently influencing IREN. Why Did Neocloud Stocks Fall Hard on July 29, 2026?
IREN 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.
Further Reading
- Five stocks we like better than IREN
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding IREN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IREN Limited (NASDAQ:IREN – Free Report).
Receive News & Ratings for IREN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IREN and related companies with MarketBeat.com's FREE daily email newsletter.
