IREN Limited $IREN Stake Raised by StoneX Group Inc.

StoneX Group Inc. raised its holdings in IREN Limited (NASDAQ:IREN) by 79.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,069 shares of the company’s stock after buying an additional 40,431 shares during the quarter. StoneX Group Inc.’s holdings in IREN were worth $3,551,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IREN. Situational Awareness LP raised its holdings in shares of IREN by 34.5% during the first quarter. Situational Awareness LP now owns 11,698,835 shares of the company’s stock valued at $401,036,000 after acquiring an additional 2,998,214 shares in the last quarter. Bank of America Corp DE lifted its stake in IREN by 58.4% in the first quarter. Bank of America Corp DE now owns 2,138,619 shares of the company’s stock worth $73,312,000 after acquiring an additional 788,547 shares during the period. Swiss National Bank bought a new stake in IREN in the first quarter valued at $33,032,000. Amundi boosted its holdings in IREN by 3,865.8% in the first quarter. Amundi now owns 845,113 shares of the company’s stock valued at $28,970,000 after acquiring an additional 823,803 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in IREN in the first quarter valued at $20,878,000. 41.08% of the stock is currently owned by institutional investors.

IREN Stock Performance

IREN opened at $21.64 on Monday. The stock has a market cap of $8.53 billion, a PE ratio of -5.30 and a beta of 4.33. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.77. The business has a 50 day moving average of $35.87 and a 200-day moving average of $43.60. IREN Limited has a 52 week low of $17.16 and a 52 week high of $70.71.

IREN (NASDAQ:IREN) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.06. The company had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $228.26 million. IREN had a negative return on equity of 16.36% and a negative net margin of 194.36%. Equities research analysts predict that IREN Limited will post -0.49 earnings per share for the current fiscal year.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Fiscal Q1 2027 AI cloud revenue nearly tripled sequentially to about $200 million. Total revenue rose 66% to $228 million, and the adjusted loss per share was narrower than analysts expected—supporting the earnings-driven rebound. IREN stock rebounds as company’s Q1 AI cloud revenue surges
• Positive Sentiment: The revenue backlog topped $20 billion, with roughly two-thirds attributed to investment-grade customers. A new five-year AI cloud agreement includes customer prepayment of 90% of GPU costs, which may help fund expansion. Iren: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: HC Wainwright and Cantor Fitzgerald cut their price targets to $56 and $47, respectively, while keeping Buy and Overweight ratings. The revised targets still imply substantial upside from the quoted share price, but the reductions reflect more cautious expectations. HC Wainwright rating information
• Negative Sentiment: IREN pushed its $4 billion annualized-revenue target into early 2027 after deployment delays, including at projects tied to Microsoft. These setbacks raise execution concerns and postpone expected growth. IREN Q1 Earnings Call Highlights AI Growth and Deployment Delays
• Negative Sentiment: Despite AI growth, IREN reported a $263 million net loss; Bitcoin mining revenue also fell sharply. Rising net debt and substantial remaining capital needs—including about $6 billion yet to be financed—could increase balance-sheet and dilution risks. IREN moves its $4 billion AI cloud goal into 2027

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities initiated coverage on shares of IREN in a research report on Friday, September 18th. They set an “outperform” rating and a $99.00 price objective on the stock. Cantor Fitzgerald dropped their target price on shares of IREN from $99.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday. BTIG Research reaffirmed a “buy” rating on shares of IREN in a research note on Friday. JPMorgan Chase & Co. raised shares of IREN from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $46.00 to $65.00 in a research note on Monday, September 14th. Finally, HC Wainwright reduced their price target on shares of IREN from $74.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, IREN presently has an average rating of “Moderate Buy” and an average price target of $69.54.

About IREN

IREN Limited, formerly known as Iris Energy, develops and operates data centers for bitcoin mining and artificial intelligence cloud services. Its AI business provides access to high-performance computing infrastructure, including GPU-based services, for customers with demanding computing needs.

Founded in Australia in 2018 by brothers Daniel and Will Roberts, the company has expanded its data-center operations into North America, including locations in British Columbia, Canada, and Texas.