Shares of CleanSpark, Inc. (NASDAQ:CLSK – Get Free Report) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.57.
Several research firms have recently commented on CLSK. HC Wainwright reaffirmed a “buy” rating and set a $27.00 target price on shares of CleanSpark in a report on Friday, February 7th. Keefe, Bruyette & Woods assumed coverage on CleanSpark in a research note on Monday, January 27th. They set an “outperform” rating and a $19.00 price target for the company. Macquarie increased their price objective on CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Needham & Company LLC began coverage on CleanSpark in a research report on Wednesday, February 12th. They set a “buy” rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on CleanSpark from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, March 13th.
Read Our Latest Research Report on CLSK
Insider Buying and Selling
Hedge Funds Weigh In On CleanSpark
A number of institutional investors have recently made changes to their positions in CLSK. Compagnie Lombard Odier SCmA bought a new position in shares of CleanSpark in the fourth quarter worth about $31,000. GAMMA Investing LLC increased its stake in CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock valued at $36,000 after acquiring an additional 3,579 shares during the period. Russell Investments Group Ltd. increased its stake in CleanSpark by 60.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company’s stock valued at $54,000 after acquiring an additional 2,196 shares during the period. KBC Group NV increased its stake in CleanSpark by 42.0% during the third quarter. KBC Group NV now owns 7,403 shares of the company’s stock valued at $69,000 after acquiring an additional 2,190 shares during the period. Finally, R Squared Ltd bought a new position in CleanSpark during the fourth quarter valued at about $101,000. 43.12% of the stock is currently owned by institutional investors.
CleanSpark Stock Performance
NASDAQ:CLSK opened at $7.59 on Wednesday. CleanSpark has a one year low of $7.22 and a one year high of $24.72. The business’s 50-day simple moving average is $9.75 and its 200 day simple moving average is $10.80. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 69.01 and a beta of 4.20.
CleanSpark (NASDAQ:CLSK – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a negative return on equity of 2.61% and a net margin of 16.07%. On average, equities research analysts predict that CleanSpark will post 0.58 EPS for the current year.
About CleanSpark
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.
Read More
- Five stocks we like better than CleanSpark
- How is Compound Interest Calculated?
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- 3 Stocks to Consider Buying in October
- 3 Must-Own Stocks to Build Wealth This Decade
- What is the NASDAQ Stock Exchange?
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for CleanSpark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CleanSpark and related companies with MarketBeat.com's FREE daily email newsletter.