B. Riley Issues Positive Forecast for Cleanspark Earnings

Key Points

• B. Riley has raised Cleanspark's Q4 2025 earnings per share (EPS) estimate from $0.06 to $0.14, maintaining a "Buy" rating with a target price of $25.00.
• The company reported a substantial year-over-year revenue increase of 90.8% and earnings of $0.78 EPS for the last quarter, far exceeding expectations.
• An array of analysts have recently increased their target prices for Cleanspark, with BTIG Research setting a new target of $26.00 and multiple ratings upgrades from various firms.

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - B. Riley raised their Q4 2025 earnings per share (EPS) estimates for shares of Cleanspark in a note issued to investors on Tuesday, October 14th. B. Riley analyst N. Giles now expects that the company will post earnings per share of $0.14 for the quarter, up from their prior forecast of $0.06. B. Riley currently has a "Buy" rating and a $25.00 target price on the stock. The consensus estimate for Cleanspark's current full-year earnings is $0.58 per share. B. Riley also issued estimates for Cleanspark's FY2026 earnings at $0.76 EPS and FY2027 earnings at $0.71 EPS.

Cleanspark (NASDAQ:CLSK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.71. Cleanspark had a return on equity of 8.89% and a net margin of 47.98%.The firm had revenue of $198.64 million for the quarter, compared to analyst estimates of $191.33 million. During the same quarter last year, the firm posted ($1.03) EPS. The business's revenue was up 90.8% on a year-over-year basis.

Other analysts also recently issued reports about the company. BTIG Research raised their target price on Cleanspark from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Monday. Cantor Fitzgerald raised their target price on Cleanspark from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Needham & Company LLC raised their target price on Cleanspark from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Wall Street Zen raised Cleanspark from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Chardan Capital raised their price objective on Cleanspark from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.83.

Cleanspark Stock Performance

NASDAQ CLSK opened at $23.20 on Thursday. The business has a fifty day moving average price of $12.50 and a 200 day moving average price of $10.67. Cleanspark has a one year low of $6.45 and a one year high of $23.61. The company has a market cap of $6.52 billion, a P/E ratio of 27.29 and a beta of 3.88.

Insider Activity at Cleanspark

In other news, COO Taylor Monnig sold 63,713 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total transaction of $581,062.56. Following the completion of the transaction, the chief operating officer directly owned 120,337 shares of the company's stock, valued at approximately $1,097,473.44. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.65% of the company's stock.

Institutional Trading of Cleanspark

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Cleanspark by 22.8% in the first quarter. Vanguard Group Inc. now owns 24,145,612 shares of the company's stock valued at $162,259,000 after buying an additional 4,489,866 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cleanspark by 1.4% during the second quarter. Geode Capital Management LLC now owns 7,536,772 shares of the company's stock worth $83,139,000 after purchasing an additional 101,401 shares during the last quarter. Invesco Ltd. raised its stake in shares of Cleanspark by 2.1% during the second quarter. Invesco Ltd. now owns 3,672,324 shares of the company's stock worth $40,506,000 after purchasing an additional 74,922 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cleanspark by 26.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,117,672 shares of the company's stock worth $20,951,000 after purchasing an additional 652,811 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Cleanspark by 16.0% during the first quarter. Northern Trust Corp now owns 2,807,078 shares of the company's stock worth $18,864,000 after purchasing an additional 388,021 shares during the last quarter. Hedge funds and other institutional investors own 43.12% of the company's stock.

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.

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