9,450 Shares in IREN Limited $IREN Purchased by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new stake in shares of IREN Limited (NASDAQ:IREN) during the 3rd quarter, Holdings Channel reports. The firm bought 9,450 shares of the company’s stock, valued at approximately $443,000.

Several other hedge funds have also recently made changes to their positions in IREN. GatePass Capital LLC purchased a new stake in IREN during the third quarter valued at $537,000. Meitav Investment House Ltd. bought a new stake in shares of IREN during the 3rd quarter valued at about $14,977,000. Aviance Capital Partners LLC purchased a new stake in shares of IREN during the 3rd quarter valued at about $259,000. Pinnacle Financial Partners Inc bought a new position in shares of IREN in the 3rd quarter worth approximately $213,000. Finally, Thames Capital Management LLC bought a new stake in IREN during the third quarter valued at approximately $24,075,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

Key IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a “Buy” with an $80 price target; the upgrade and associated investor notes helped lift sentiment and trading interest. HC Wainwright Upgrades IREN to Buy
• Positive Sentiment: Zacks highlights IREN’s vertically integrated AI cloud (noting an 85% EBITDA Microsoft deal, lower power costs and improving margins) — this underpins a path to higher profitability and supports a re-rating if execution continues. Can IREN’s Vertically Integrated AI Cloud Platform Lift Profitability?
• Positive Sentiment: Multiple outlet pieces (Zacks, MarketBeat) put IREN among AI/GPU infrastructure names gaining momentum, reinforcing the narrative that IREN is a beneficiary of rising GPU-as-a-service demand. 3 Beaten Down AI Stocks Gaining Momentum (IREN, NBIS, CRWV)
• Positive Sentiment: Social and retail interest spiked — IREN topped X’s most-searched cashtags, signaling higher retail/institutional attention that can amplify moves on positive news. Bitcoin miner IREN tops X’s most searched cashtags
• Neutral Sentiment: MarketBeat ranked IREN among the top GPU-as-a-service providers for 2026 but noted it’s “not the best” — owns data centers and has hyperscaler deals, yet client concentration and competition are concerns (mixed implication). The 5 Best GPU-as-a-Service Providers for 2026—And 1 Clear Winner
• Positive Sentiment: Coverage comparing IREN to peers (e.g., HUT 8) emphasizes IREN’s renewable-powered, vertically integrated platform and AI focus as differentiation during BTC volatility — a strategic narrative supportive of longer-term upside. IREN or HUT: Which Bitcoin Infrastructure Stock Should You Bet On?
• Negative Sentiment: HC Wainwright’s models show mixed near-term revisions — several Q2–Q4 2026 estimates and FY2026 were trimmed (increasing near-term EPS risk), even as FY2027 estimates were improved. That divergence highlights execution and timing risk for profitability. MarketBeat IREN coverage (HC Wainwright estimates)
• Positive Sentiment: Local/foreign press pieces note a strategic shift from pure bitcoin mining toward AI infrastructure — if sustained, this re-positioning could command higher multiples tied to AI demand vs. cyclical BTC exposure. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IREN. Roth Capital set a $94.00 price target on shares of IREN and gave the stock a “buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $75.00 price objective on shares of IREN in a research report on Thursday, September 25th. UBS Group restated a “buy” rating on shares of IREN in a report on Friday, November 7th. Arete Research started coverage on shares of IREN in a report on Wednesday, September 24th. They issued a “buy” rating and a $78.00 target price for the company. Finally, B. Riley restated a “buy” rating on shares of IREN in a research note on Wednesday, October 22nd. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.36.

IREN Stock Performance

NASDAQ:IREN opened at $57.72 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.52 and a current ratio of 5.52. The stock has a market capitalization of $16.36 billion, a PE ratio of 29.75 and a beta of 4.25. IREN Limited has a fifty-two week low of $5.13 and a fifty-two week high of $76.87. The company has a fifty day moving average of $45.28 and a two-hundred day moving average of $38.81.

IREN (NASDAQ:IREN) last released its earnings results on Thursday, November 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.48). IREN had a negative return on equity of 3.60% and a net margin of 86.96%.The company had revenue of $240.30 million for the quarter, compared to analysts’ expectations of $244.60 million. IREN’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, research analysts forecast that IREN Limited will post 0.43 earnings per share 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.