294,973 Shares in IREN Limited $IREN Bought by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. bought a new stake in shares of IREN Limited (NASDAQ:IREN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 294,973 shares of the company’s stock, valued at approximately $12,058,000.

Several other hedge funds have also recently made changes to their positions in IREN. Jacobi Capital Management LLC bought a new stake in IREN in the third quarter valued at $100,000. Machina Capital S.A.S. purchased a new position in IREN during the 3rd quarter valued at $1,278,000. Context Capital Management LLC purchased a new position in IREN during the 3rd quarter valued at $13,556,000. AlphaCore Capital LLC increased its position in IREN by 36.5% during the 3rd quarter. AlphaCore Capital LLC now owns 13,354 shares of the company’s stock valued at $546,000 after purchasing an additional 3,570 shares during the period. Finally, Clear Wave Wealth Management LLC bought a new position in IREN in the 3rd quarter worth $247,000. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Stock Performance

Shares of IREN opened at $19.48 on Friday. 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’s 50 day moving average price is $34.52 and its 200-day moving average price is $42.94. IREN Limited has a 52 week low of $17.16 and a 52 week high of $70.71. The stock has a market cap of $7.68 billion, a P/E ratio of -4.77 and a beta of 4.33.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.66) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.06. The company had revenue of $228.00 million during the quarter, compared to analyst estimates 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 anticipate that IREN Limited will post 0.64 earnings per share for the current fiscal year.

Key Headlines Impacting IREN

These are some of the IREN headlines that stood out recently:

• Positive Sentiment: IREN says its Horizon 1 data center delivered 22% faster than the industry benchmark, and Microsoft accepted the project in August. This is evidence of execution, although later phases remain important for growth. IREN says Horizon 1 delivered 22% faster than industry benchmark
• Neutral Sentiment: Google’s planned investment in Nordic data centers highlights growing interest in regions with abundant power and supportive permitting. That could reinforce the appeal of IREN’s broader market, but the report does not announce a deal with IREN. Google’s $13 Billion Nordic Bet Points to a New Global Front in the AI Power Race
• Negative Sentiment: An analyst downgrade added company-specific pressure. At the same time, weak guidance and heavy spending plans from peer Nebius raised concerns about AI infrastructure demand, capital requirements, and possible excess capacity across the sector. IREN stock price down on analyst downgrade Nebius tumbles on soft guidance and bigger spending plans

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IREN shares. JPMorgan Chase & Co. dropped their target price on shares of IREN from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday. HC Wainwright cut their target price on shares of IREN from $74.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Rothschild & Co Redburn began coverage on shares of IREN in a research report on Monday, September 21st. They set a “neutral” rating and a $40.00 price target on the stock. CCB Int’l lowered shares of IREN from an “outperform” rating to a “neutral” rating in a report on Monday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $79.00 price objective on shares of IREN in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, IREN presently has an average rating of “Moderate Buy” and a consensus price target of $64.57.

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. IREN has emphasized developing facilities with access to renewable energy.