Stratos Wealth Advisors LLC Reduces Stock Position in IREN Limited $IREN

Stratos Wealth Advisors LLC cut its stake in IREN Limited (NASDAQ:IREN) by 63.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 26,600 shares of the company’s stock after selling 46,718 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in IREN were worth $1,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in IREN in the 3rd quarter worth about $25,000. Sherman Asset Management Inc. bought a new stake in shares of IREN during the third quarter valued at about $59,000. Advisors Asset Management Inc. lifted its holdings in shares of IREN by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock worth $66,000 after buying an additional 1,839 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of IREN in the third quarter valued at approximately $74,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of IREN in the second quarter valued at approximately $146,000. 41.08% of the stock is currently owned by institutional investors.

IREN Stock Down 6.2%

Shares of NASDAQ:IREN opened at $40.03 on Friday. IREN Limited has a 52-week low of $5.13 and a 52-week high of $76.87. The firm has a fifty day moving average of $46.33 and a 200 day moving average of $43.10. The firm has a market capitalization of $11.35 billion, a PE ratio of 30.10 and a beta of 4.27. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.96 and a current ratio of 4.96.

IREN (NASDAQ:IREN) last released its quarterly earnings results on Thursday, February 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The firm had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. As a group, research analysts anticipate that IREN Limited will post 0.43 EPS for the current fiscal year.

Key Stories Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN will be added to the MSCI USA Index after the close on Feb. 27 — inclusion typically increases demand from index funds and passive investors, supporting medium‑term flows. Article Title
• Positive Sentiment: Major banks (reported syndicate members include Goldman Sachs and JPMorgan) are underwriting a multi‑billion credit facility to fund GPU expansion tied to a large Microsoft contract — this reduces dilution risk and materially de‑risks the company’s buildout financing. Article Title
• Positive Sentiment: Analysts and brokers are showing support: Canaccord Genuity reaffirmed a Buy on IREN, and Cantor Fitzgerald called the recent dip a buying opportunity amid the AI pivot — signals that institutional coverage remains constructive. Article Title Article Title
• Positive Sentiment: IREN is targeting $3.4B of AI cloud ARR by 2026 (backed by Microsoft deals, GPU financing and >4.5 GW secured power) — if achieved, this would materially re‑rate IREN from a volatile miner to an AI infrastructure play. Article Title
• Neutral Sentiment: Reports flag a large increase in short interest for February, but the data shown is internally inconsistent (0 shares / NaN changes) — watch for clearer short‑interest reads; mixed headlines can amplify intraday moves.
• Negative Sentiment: HC Wainwright reduced near‑term EPS forecasts across multiple quarters and cut FY2026/FY2027 estimates sharply (while retaining a Buy/$80 target). Lower earnings expectations increase downside risk if execution slips or revenue ramps slower than modeled.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup initiated coverage on shares of IREN in a report on Wednesday, November 19th. They set an “outperform” rating on the stock. The Goldman Sachs Group assumed coverage on shares of IREN in a report on Thursday, December 18th. They issued a “neutral” rating and a $39.00 price target on the stock. Zacks Research upgraded IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Finally, Roth Mkm set a $94.00 target price on IREN and gave the stock a “buy” rating in a research note on Monday, November 3rd. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, IREN has a consensus rating of “Moderate Buy” and a consensus target price of $72.29.

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.