Thames Capital Management LLC Purchases Shares of 512,993 IREN Limited $IREN

Thames Capital Management LLC acquired a new stake in IREN Limited (NASDAQ:IREN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 512,993 shares of the company’s stock, valued at approximately $24,075,000. IREN accounts for about 3.5% of Thames Capital Management LLC’s holdings, making the stock its 4th biggest position.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in IREN in the third quarter valued at approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of IREN in the 3rd quarter valued at $74,000. CWM LLC acquired a new position in shares of IREN in the 3rd quarter valued at $165,000. Advisors Asset Management Inc. boosted its holdings in IREN by 68.4% during 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. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in IREN during the third quarter valued at $221,000. 41.08% of the stock is currently owned by hedge funds and other institutional investors.

IREN Stock Performance

NASDAQ:IREN opened at $51.89 on Friday. The company has a market cap of $14.71 billion, a P/E ratio of 26.75 and a beta of 4.25. IREN Limited has a twelve month low of $5.13 and a twelve month high of $76.87. The company’s 50-day moving average price is $45.37 and its 200-day moving average price is $38.35. The company has a current ratio of 5.52, a quick ratio of 5.52 and a debt-to-equity ratio of 0.34.

IREN (NASDAQ:IREN) last issued its earnings results on Thursday, November 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $244.60 million. The business’s quarterly revenue was up 28.3% on a year-over-year basis. On average, sell-side analysts forecast that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Trending Headlines about IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: HC Wainwright upgraded IREN to a Buy with an $80 price target and raised multiple 2027 quarter/annual EPS estimates, signaling stronger medium‑term expectations and supporting a higher valuation. HC Wainwright Upgrades IREN
• Positive Sentiment: Retail interest spiked: IREN became one of the most‑searched cashtags on X (formerly Twitter), surpassing Tesla and Bitcoin — higher retail attention can lift intraday volume and short‑term price moves. Bitcoin miner IREN tops X’s most searched cashtags
• Positive Sentiment: Company strategic narrative is shifting from bitcoin mining to AI/GPU infrastructure — a move that could expand addressable market and improve long‑term growth if IREN secures hyperscaler/data center contracts. Iren’s Strategic Shift: From Bitcoin Mining to AI Infrastructure
• Neutral Sentiment: Industry comparison: IREN is viewed as a legitimate GPU‑as‑a‑service player (owns data centers and has a platform) but analysts say it trails best‑in‑class peers on client breadth and platform capabilities — this positions the stock as a growth play but not the sector favorite. (Market commentary)
• Negative Sentiment: HC Wainwright’s report also cut several near‑term 2026 EPS estimates and reduced FY2026 outlook (larger loss forecast), highlighting nearer‑term margin/production or demand pressure that can weigh on sentiment and shares. IREN Trading Up 5.3% After Analyst Upgrade

Analysts Set New Price Targets

A number of research analysts have weighed in on IREN shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 price objective on shares of IREN in a research report on Thursday, September 25th. Canaccord Genuity Group upped their price target on IREN from $42.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 10th. UBS Group restated a “buy” rating on shares of IREN in a research report on Friday, November 7th. Zacks Research upgraded shares of IREN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 24th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, IREN currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

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.