Nicholas Wealth LLC. Invests $1.61 Million in IREN Limited $IREN

Nicholas Wealth LLC. bought a new position in IREN Limited (NASDAQ:IREN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 42,648 shares of the company’s stock, valued at approximately $1,611,000. IREN accounts for approximately 1.1% of Nicholas Wealth LLC.’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Centaurus Financial Inc. boosted its stake in IREN by 1.1% in the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company’s stock worth $1,477,000 after purchasing an additional 332 shares during the period. Larson Financial Group LLC boosted its stake in IREN by 26.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company’s stock worth $75,000 after purchasing an additional 335 shares during the period. Vise Technologies Inc. boosted its stake in IREN by 7.9% in the 4th quarter. Vise Technologies Inc. now owns 5,780 shares of the company’s stock worth $218,000 after purchasing an additional 424 shares during the period. Miller Wealth Advisors LLC boosted its stake in IREN by 240.0% in the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company’s stock worth $26,000 after purchasing an additional 480 shares during the period. Finally, North Star Investment Management Corp. bought a new position in IREN in the 4th quarter worth about $26,000. Institutional investors own 41.08% of the company’s stock.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN completed the acquisition of Nostrum Group, adding about 490 MW of secured, grid-connected power in Spain plus a development pipeline, which expands its AI cloud/data center footprint into Europe. IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe
• Positive Sentiment: The deal gives IREN its first European AI infrastructure presence, potentially broadening its addressable market and positioning it to benefit from growing demand for AI compute capacity in Europe. IREN completes Nostrum acquisition, adds 490MW in Spain for Europe AI cloud push
• Neutral Sentiment: Local reporting on the Childress data center suggests continued interest in IREN’s infrastructure buildout, but the article details were not provided, so the immediate stock impact is unclear. Officials talk Iren Data Center in Childress
• Neutral Sentiment: IREN also appeared in generic “top bitcoin stocks” and “mining stocks” roundups, which may have added visibility but do not reflect a specific company catalyst. Top Bitcoin Stocks To Follow Today – June 15th
• Neutral Sentiment: Those same roundup articles likely reinforced IREN’s association with the crypto and mining sectors, but they do not appear to be major price drivers on their own. Top Mining Stocks To Research – June 15th

Wall Street Analyst Weigh In

Several research analysts have commented on IREN shares. Freedom Capital upgraded IREN to a “hold” rating in a research note on Wednesday, April 1st. Cantor Fitzgerald raised their target price on IREN from $77.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. HC Wainwright raised their target price on IREN to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded IREN from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Finally, B. Riley Financial raised their target price on IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

IREN Stock Performance

NASDAQ:IREN opened at $59.18 on Wednesday. The business’s 50-day moving average price is $53.00 and its two-hundred day moving average price is $47.13. IREN Limited has a twelve month low of $9.52 and a twelve month high of $76.87. The stock has a market cap of $21.15 billion, a P/E ratio of 123.29 and a beta of 4.22. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

IREN (NASDAQ:IREN) last released its quarterly 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). IREN had a net margin of 20.90% and a negative return on equity of 13.13%. The business had revenue of $144.80 million during the quarter, compared to analysts’ expectations of $219.69 million. As a group, equities analysts predict that IREN Limited will post -1.25 EPS for the current fiscal year.

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.