CleanSpark (NASDAQ:CLSK) Earns Buy Rating from HC Wainwright

CleanSpark (NASDAQ:CLSK)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued on Tuesday,Benzinga reports. They currently have a $27.00 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 83.92% from the stock’s current price. HC Wainwright also issued estimates for CleanSpark’s Q2 2025 earnings at $0.00 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.17 EPS and Q4 2026 earnings at $0.14 EPS.

Several other equities research analysts have also weighed in on CLSK. JPMorgan Chase & Co. lowered their target price on shares of CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of CleanSpark in a report on Thursday, October 3rd. Finally, Macquarie began coverage on shares of CleanSpark in a report on Wednesday, September 25th. They issued an “outperform” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.42.

CleanSpark Price Performance

Shares of CleanSpark stock opened at $14.68 on Tuesday. The company’s fifty day moving average price is $12.16 and its two-hundred day moving average price is $13.52. CleanSpark has a 52-week low of $6.41 and a 52-week high of $24.72. The firm has a market capitalization of $3.72 billion, a PE ratio of -25.31 and a beta of 4.16.

Insider Buying and Selling

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $9.24, for a total transaction of $205,331.28. Following the transaction, the director now directly owns 137,050 shares in the company, valued at approximately $1,266,342. This represents a 13.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 26,272 shares of company stock worth $254,836 in the last 90 days. Corporate insiders own 2.99% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC lifted its position in CleanSpark by 167.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 47,882 shares of the company’s stock valued at $447,000 after purchasing an additional 29,964 shares during the period. Arete Wealth Advisors LLC acquired a new position in CleanSpark during the 3rd quarter valued at about $903,000. Geode Capital Management LLC lifted its position in CleanSpark by 9.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,163,461 shares of the company’s stock valued at $57,577,000 after purchasing an additional 549,187 shares during the period. Barclays PLC lifted its position in CleanSpark by 364.0% during the 3rd quarter. Barclays PLC now owns 389,201 shares of the company’s stock valued at $3,634,000 after purchasing an additional 305,316 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new position in CleanSpark during the 3rd quarter valued at about $486,000. 43.12% of the stock is currently owned by institutional investors and hedge funds.

CleanSpark Company Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.