Cleanspark FY2026 EPS Forecast Reduced by Chardan Capital

Key Points

• Cleanspark's FY2026 EPS forecast has been reduced from $0.88 to $0.85 by Chardan Capital, maintaining a "Buy" rating with a price target of $20.00.
• The consensus estimate for Cleanspark's full-year earnings currently stands at $0.58 per share, indicating market expectations are lower than Chardan's revised forecast.
• Several analysts have adjusted their price targets, with B. Riley increasing theirs from $16.00 to $17.00, while JPMorgan has lowered its target from $15.00 to $14.00.

Cleanspark, Inc. (NASDAQ:CLSK - Free Report) - Stock analysts at Chardan Capital decreased their FY2026 earnings per share (EPS) estimates for Cleanspark in a note issued to investors on Monday, October 6th. Chardan Capital analyst J. Mcilree now forecasts that the company will post earnings per share of $0.85 for the year, down from their previous forecast of $0.88. Chardan Capital has a "Buy" rating and a $20.00 price objective on the stock. The consensus estimate for Cleanspark's current full-year earnings is $0.58 per share.

A number of other equities analysts have also weighed in on the company. B. Riley increased their price target on Cleanspark from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Cleanspark from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $14.00 price target (down previously from $15.00) on shares of Cleanspark in a research report on Friday, September 26th. Cantor Fitzgerald increased their price target on Cleanspark from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Macquarie increased their price objective on Cleanspark from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.14.

Cleanspark Stock Performance

NASDAQ:CLSK opened at $18.98 on Thursday. The business has a fifty day moving average of $11.49 and a 200-day moving average of $10.23. Cleanspark has a 1 year low of $6.45 and a 1 year high of $19.69. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 22.33 and a beta of 3.88.

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

Institutional Trading of Cleanspark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Cleanspark by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company's stock valued at $187,000 after buying an additional 932 shares during the last quarter. Texas Permanent School Fund Corp acquired a new stake in Cleanspark in the 2nd quarter valued at approximately $548,000. Neuberger Berman Group LLC grew its holdings in Cleanspark by 374.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 50,120 shares of the company's stock valued at $553,000 after buying an additional 39,553 shares during the last quarter. Marex Group plc acquired a new stake in Cleanspark in the 2nd quarter valued at approximately $247,000. Finally, Public Sector Pension Investment Board grew its holdings in Cleanspark by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 948,234 shares of the company's stock valued at $10,459,000 after buying an additional 66,571 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.

Insider Activity at Cleanspark

In other news, COO Taylor Monnig sold 63,713 shares of the 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 transaction, the chief operating officer owned 120,337 shares of the company's stock, valued at approximately $1,097,473.44. This represents a 34.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.65% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.