Neuberger Berman Group LLC Buys Shares of 91,359 IREN Limited $IREN

Neuberger Berman Group LLC purchased 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 institutional investor purchased 91,359 shares of the company’s stock, valued at approximately $4,287,000.

Several other hedge funds also recently made changes to their positions in IREN. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of IREN in the 3rd quarter valued at about $1,854,000. Wealth Enhancement Advisory Services LLC raised its holdings in IREN by 88.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 115,230 shares of the company’s stock worth $5,408,000 after acquiring an additional 53,982 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in IREN during the third quarter valued at approximately $2,995,000. Hood River Capital Management LLC bought a new position in IREN in the second quarter valued at approximately $74,228,000. Finally, Beryl Capital Management LLC bought a new position in IREN in the second quarter valued at approximately $5,828,000. 41.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IREN. Citizens Jmp set a $80.00 price objective on IREN in a research note on Wednesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of IREN from $28.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. The Goldman Sachs Group started coverage on shares of IREN in a report on Thursday, December 18th. They set a “neutral” rating and a $39.00 target price on the stock. Cantor Fitzgerald dropped their price target on shares of IREN to $82.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen cut shares of IREN from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

IREN Stock Performance

Shares of NASDAQ IREN opened at $36.70 on Friday. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 1.51. IREN Limited has a 12 month low of $5.13 and a 12 month high of $76.87. The stock has a 50 day moving average of $46.58 and a 200-day moving average of $45.98. The company has a market capitalization of $12.19 billion, a P/E ratio of 27.59 and a beta of 4.31.

IREN (NASDAQ:IREN) last posted its 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 negative return on equity of 10.01% and a net margin of 56.59%.The business had revenue of $184.69 million for the quarter, compared to analyst estimates of $229.64 million. IREN’s revenue was down 23.1% on a year-over-year basis. As a group, equities research analysts predict that IREN Limited will post 0.43 EPS for the current year.

Key Headlines Impacting IREN

Here are the key news stories impacting IREN this week:

• Positive Sentiment: Large Nvidia GPU buildout lifts long‑term revenue potential — IREN agreed to buy 50,000 NVIDIA B300 GPUs, expanding its fleet toward 150,000 GPUs to support AI cloud capacity. This materially increases compute scale and underpins the company’s AI revenue targets. DataCenterDynamics: IREN purchases 50,000 NVIDIA B300 GPUs
• Positive Sentiment: Ambitious AI revenue targets and large corporate deals could drive meaningful growth — management is targeting roughly $3.7B AI cloud ARR by late‑2026 and public commentary references a sizeable Microsoft‑related contract that supports the pivot from mining to AI infrastructure. These milestones are the core bullish case. Seeking Alpha: IREN buying an AI infrastructure giant
• Neutral Sentiment: Strong prior fundraising and capital access — IREN has raised multiple billions (~$9.3B cited historically) to finance GPU expansion, which both supports growth and changes financing flexibility; investors will watch execution and ROI. Yahoo Finance: The Bull Case For IREN
• Negative Sentiment: Large at‑the‑market (ATM) / equity program raises dilution worries — IREN expanded its ATM capacity (about $6B reported), and concurrently opened an equity offering to fund the GPU buildout; investors are concerned about near‑term share dilution and timing of issuance. Yahoo Finance: IREN expands GPU fleet, opens $6B equity offering
• Negative Sentiment: Short‑seller spotlight and guidance questions amplified selling pressure — Jim Chanos publicly criticized the $6B equity filing and flagged the company’s lack of clarity around a cited $500M revenue guidance figure, increasing investor caution. MSN: Jim Chanos sounds alarm
• Negative Sentiment: Recent fundamental miss and macro/geopolitical noise — IREN’s prior quarterly results missed EPS and revenue estimates, and geopolitical headlines (Iran‑related) have been flagged as an additional near‑term risk to sentiment and partnerships. Seeking Alpha: Geopolitical noise discussion

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.