Cleanspark, Inc. (NASDAQ:CLSK) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts are moderately bullish on CleanSpark. The stock has a consensus rating of “Moderate Buy” from 15 research firms, with 12 Buy ratings and an average 12-month price target of about $20.44.
• Recent earnings were weaker than expected. CleanSpark reported quarterly EPS of -$1.52, missing the consensus estimate of -$0.25, while revenue of $136.41 million also fell short of forecasts and declined 24.9% year over year.
• The stock remains volatile but has attracted investor interest. CLSK opened at $13.11 and has traded between $8.00 and $23.61 over the past year, while institutional ownership stands at 43.12%.

Cleanspark, Inc. (NASDAQ:CLSK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.4423.

CLSK has been the subject of several analyst reports. Chardan Capital restated a "buy" rating and issued a $16.00 target price on shares of Cleanspark in a research report on Wednesday, April 8th. BTIG Research reaffirmed a "buy" rating and set a $26.00 price target on shares of Cleanspark in a report on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price target on shares of Cleanspark from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, May 13th. Needham & Company LLC lifted their price target on shares of Cleanspark from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday, May 4th. Finally, Cantor Fitzgerald decreased their price target on shares of Cleanspark from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $13.11 on Monday. The firm has a 50 day moving average of $10.90 and a 200-day moving average of $11.81. The stock has a market capitalization of $3.36 billion, a PE ratio of -6.24 and a beta of 3.71. The company has a current ratio of 8.26, a quick ratio of 8.26 and a debt-to-equity ratio of 1.81. Cleanspark has a 12 month low of $8.00 and a 12 month high of $23.61.

Cleanspark (NASDAQ:CLSK - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The firm had revenue of $136.41 million during the quarter, compared to analyst estimates of $145.36 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. Cleanspark's quarterly revenue was down 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. On average, equities research analysts predict that Cleanspark will post -1.19 EPS for the current fiscal year.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Some analysts remain constructive on Cleanspark, with B. Riley Securities reiterating a Buy rating and broader Wall Street commentary still showing a bullish average brokerage stance. B. Riley Securities Sticks to Their Buy Rating for Cleanspark (CLSK)
• Positive Sentiment: Investors were also encouraged by recent operating data showing CleanSpark mined 640 Bitcoin in April, reinforcing the company’s production momentum after the stock’s recent climb. After Surging 50% in Past Month, CleanSpark Inc (CLSK) Stock Rises More?
• Neutral Sentiment: Several articles focused on whether CleanSpark is still attractive based on Wall Street’s bullish views, but these pieces were largely commentary rather than new company-specific developments. Is It Worth Investing in CleanSpark (CLSK) Based on Wall Street's Bullish Views?
• Negative Sentiment: Northland Securities and HC Wainwright trimmed EPS forecasts for multiple periods, including FY2026 and FY2027, suggesting weaker expected earnings power and pressuring sentiment on CLSK. Analysts’ Opinions Are Mixed on These Financial Stocks: Cleanspark (CLSK), First American Financial (FAF) and Coincheck Group (CNCK)
• Negative Sentiment: Zacks Research reportedly cut CleanSpark to Strong Sell, adding to the negative analyst tone around the stock. Cleanspark NASDAQ: CLSK Cut to Strong Sell at Zacks Research

Institutional Investors Weigh In On Cleanspark

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Cleanspark by 38.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company's stock valued at $40,000 after purchasing an additional 745 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Cleanspark by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company's stock valued at $291,000 after purchasing an additional 781 shares during the last quarter. KBC Group NV grew its holdings in shares of Cleanspark by 10.7% during the 1st quarter. KBC Group NV now owns 8,574 shares of the company's stock valued at $73,000 after purchasing an additional 828 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cleanspark by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company's stock valued at $375,000 after purchasing an additional 873 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Cleanspark by 115.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company's stock valued at $25,000 after purchasing an additional 937 shares during the last quarter. 43.12% of the stock is owned by institutional investors.

Cleanspark Company Profile

CleanSpark, Inc NASDAQ: CLSK is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark's technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.

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