Partners Capital Investment Group LLP Makes New $201,000 Investment in Cleanspark, Inc. $CLSK

Key Points

• Partners Capital Investment Group LLP has acquired 29,950 shares of Cleanspark, Inc. ($CLSK), valued at approximately $201,000, during the first quarter.
• Cleanspark reported impressive earnings, with a quarterly revenue of $198.64 million and earnings per share of $0.78, significantly exceeding analysts' expectations.
• Wall Street analysts generally hold a positive outlook on Cleanspark, with an average rating of "Buy" and an average price target of $20.47.

Partners Capital Investment Group LLP bought a new position in Cleanspark, Inc. (NASDAQ:CLSK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,950 shares of the company's stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also modified their holdings of CLSK. CX Institutional bought a new stake in shares of Cleanspark during the 1st quarter valued at $26,000. Russell Investments Group Ltd. grew its holdings in shares of Cleanspark by 60.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after buying an additional 2,196 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Cleanspark in the 1st quarter valued at $71,000. GAMMA Investing LLC grew its holdings in shares of Cleanspark by 207.8% in the 1st quarter. GAMMA Investing LLC now owns 12,163 shares of the company's stock valued at $82,000 after buying an additional 8,212 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Cleanspark in the 1st quarter valued at $82,000. 43.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CLSK shares. Cantor Fitzgerald boosted their price target on shares of Cleanspark from $25.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Macquarie boosted their price target on shares of Cleanspark from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, August 8th. LADENBURG THALM/SH SH started coverage on shares of Cleanspark in a report on Monday, July 28th. They issued a "buy" rating and a $20.25 price target for the company. BTIG Research reissued a "buy" rating on shares of Cleanspark in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Cleanspark from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $20.47.

Cleanspark Trading Up 0.3%

Shares of Cleanspark stock traded up $0.03 during trading hours on Wednesday, reaching $9.71. 7,477,796 shares of the company's stock were exchanged, compared to its average volume of 24,909,570. The company has a 50 day moving average of $11.00 and a two-hundred day moving average of $9.47. Cleanspark, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $17.97. The stock has a market cap of $2.73 billion, a P/E ratio of 11.44 and a beta of 3.72.

Cleanspark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.71. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. The company had revenue of $198.64 million during the quarter, compared to the consensus estimate of $191.33 million. During the same period in the prior year, the business posted ($1.03) EPS. The company's quarterly revenue was up 90.8% on a year-over-year basis. As a group, analysts expect that Cleanspark, Inc. will post 0.58 earnings per share for the current fiscal year.

Cleanspark 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.