Wedbush Securities Inc. Takes $598,000 Position in IREN Limited $IREN

Wedbush Securities Inc. acquired a new position in shares of IREN Limited (NASDAQ:IREN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,740 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in IREN in the 3rd quarter valued at about $25,000. Sherman Asset Management Inc. purchased a new stake in IREN in the third quarter valued at $59,000. Advisors Asset Management Inc. boosted its stake in IREN by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 4,528 shares of the company’s stock valued at $66,000 after acquiring an additional 1,839 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in IREN in the third quarter valued at $74,000. Finally, Foundations Investment Advisors LLC purchased a new position in shares of IREN during the second quarter worth about $146,000. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN News Roundup

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Added to the MSCI USA Index effective Feb. 27, which should boost passive/institutional demand and support liquidity for the stock. IREN Added to MSCI USA Index
• Positive Sentiment: Reports that major banks (Goldman, JPMorgan) are part of a large ~ $3.6B credit facility to fund GPU expansion — a clear vote of confidence that reduces dilution risk and funds the AI pivot. IREN Bounces Back: The Market Votes Yes as Big Banks Step In
• Positive Sentiment: Execution progress: IREN says it has >4.5 GW of secured capacity and has nearly 95% funding secured for the $9.7B Microsoft AI contract; Q2 showed strong AI services revenue growth (large percentage gains from a small base). This supports longer‑term ARR expansion potential. IREN: Execution De‑Risk And Secured Capacity Drives Growth
• Positive Sentiment: Brokerage support: Canaccord reaffirmed a “Buy” and coverage notes (and Cantor Fitzgerald framed the post‑earnings dip as a buying opportunity), which can attract more institutional buyers. Canaccord Genuity Group Reaffirms Buy for IREN Cantor Fitzgerald view
• Neutral Sentiment: Analyst/earnings expectations and market commentary remain mixed; some outlets highlight institutional accumulation and a potential rerating if AI revenue ramps, while sell‑side models still flag execution and margin risk. Equities Analysts Set Expectations for IREN Q3
• Negative Sentiment: Q2 results contained headline misses: EPS and revenue fell short of consensus, and investor reaction included a sharp sell‑off earlier in the month — retail sentiment on social platforms cooled as traders dissected the quarter. That short‑term skepticism drove volatility. IREN Drops 14% as Bitcoin Mining Revenue Falls to $167 Million
• Neutral Sentiment: Short‑interest reports in this data set are inconsistent/ambiguous (published figures show zeros/NaN), so while some headlines claim rising short interest, the data provided here is not actionable. Investors should check official exchange short‑interest releases.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IREN shares. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 target price on shares of IREN in a research report on Tuesday, February 10th. HC Wainwright upgraded IREN from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of IREN from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Macquarie Infrastructure upped their price target on shares of IREN to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.29.

IREN Price Performance

Shares of NASDAQ IREN opened at $42.31 on Monday. The stock has a fifty day moving average price of $46.28 and a 200 day moving average price of $43.67. IREN Limited has a 1-year low of $5.13 and a 1-year high of $76.87. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.96 and a quick ratio of 4.96. The company has a market cap of $14.06 billion, a PE ratio of 31.81 and a beta of 4.26.

IREN (NASDAQ:IREN) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.37). The firm had revenue of $184.69 million for the quarter, compared to analysts’ expectations of $229.64 million. IREN had a negative return on equity of 10.01% and a net margin of 56.59%.The business’s quarterly revenue was down 23.1% on a year-over-year basis. Sell-side analysts forecast that IREN Limited will post 0.43 EPS for the current year.

IREN Company 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.