Chardan Capital Predicts CleanSpark FY2026 Earnings

CleanSpark, Inc. (NASDAQ:CLSK - Free Report) - Analysts at Chardan Capital issued their FY2026 EPS estimates for shares of CleanSpark in a research note issued to investors on Wednesday, May 21st. Chardan Capital analyst J. Mcilree anticipates that the company will post earnings per share of $0.85 for the year. Chardan Capital has a "Buy" rating and a $20.00 price target on the stock. The consensus estimate for CleanSpark's current full-year earnings is $0.58 per share.

Several other equities analysts also recently weighed in on CLSK. HC Wainwright restated a "buy" rating and set a $27.00 price target on shares of CleanSpark in a report on Friday, February 7th. Needham & Company LLC began coverage on shares of CleanSpark in a research note on Wednesday, February 12th. They set a "buy" rating and a $20.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of CleanSpark from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $20.71.

CleanSpark Trading Down 0.5%

NASDAQ:CLSK traded down $0.05 during trading hours on Monday, reaching $8.74. 3,791,259 shares of the company traded hands, compared to its average volume of 25,186,893. The business's 50-day moving average price is $8.38 and its two-hundred day moving average price is $10.03. CleanSpark has a 1 year low of $6.45 and a 1 year high of $20.64. The stock has a market capitalization of $2.45 billion, a P/E ratio of 78.89 and a beta of 4.36.

CleanSpark (NASDAQ:CLSK - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). The business had revenue of $181.71 million for the quarter, compared to analysts' expectations of $196.43 million. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.61%. CleanSpark's revenue for the quarter was up 62.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share.

Institutional Trading of CleanSpark

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLSK. Prudential Financial Inc. grew its holdings in CleanSpark by 9.1% during the 4th quarter. Prudential Financial Inc. now owns 16,835 shares of the company's stock valued at $155,000 after buying an additional 1,405 shares in the last quarter. Corebridge Financial Inc. boosted its position in shares of CleanSpark by 1.2% during the fourth quarter. Corebridge Financial Inc. now owns 123,723 shares of the company's stock worth $1,139,000 after acquiring an additional 1,507 shares during the last quarter. Wellington Management Group LLP grew its stake in CleanSpark by 15.1% during the first quarter. Wellington Management Group LLP now owns 13,990 shares of the company's stock valued at $94,000 after acquiring an additional 1,834 shares in the last quarter. Sigma Planning Corp increased its holdings in CleanSpark by 11.9% in the 4th quarter. Sigma Planning Corp now owns 17,518 shares of the company's stock valued at $161,000 after acquiring an additional 1,865 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in CleanSpark by 13.5% in the 4th quarter. Mackenzie Financial Corp now owns 15,916 shares of the company's stock worth $147,000 after purchasing an additional 1,898 shares in the last quarter. Institutional investors own 43.12% of the company's stock.

Insider Buying and Selling

In other news, Director Roger Paul Beynon sold 50,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $10.51, for a total transaction of $525,500.00. Following the completion of the sale, the director now owns 125,511 shares of the company's stock, valued at $1,319,120.61. The trade was a 28.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amanda Cavaleri sold 13,000 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $7.97, for a total transaction of $103,610.00. Following the completion of the transaction, the director now directly owns 140,289 shares of the company's stock, valued at $1,118,103.33. This represents a 8.48% decrease in their position. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate insiders.

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.