881,663 Shares in Cleanspark, Inc. $CLSK Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has acquired 881,663 shares of Cleanspark, Inc., valued at approximately $5.9 million, representing about 0.31% ownership as of its latest SEC filing.
• Cleanspark's recent earnings report showed an EPS of $0.78, significantly exceeding the consensus estimate of $0.07, with a 90.8% year-over-year increase in revenue.
• Analysts have a current consensus rating of "Moderate Buy" for Cleanspark, with an average price target of $20.47 as several firms reaffirm and raise their price evaluations.

Public Sector Pension Investment Board purchased a new stake in Cleanspark, Inc. (NASDAQ:CLSK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 881,663 shares of the company's stock, valued at approximately $5,925,000. Public Sector Pension Investment Board owned approximately 0.31% of Cleanspark as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. CX Institutional bought a new stake in shares of Cleanspark in the first quarter worth $26,000. Russell Investments Group Ltd. increased its holdings in shares of Cleanspark by 60.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company's stock valued at $54,000 after purchasing an additional 2,196 shares during the last quarter. Farringdon Capital Ltd. acquired a new position in shares of Cleanspark in the fourth quarter valued at $105,000. GAMMA Investing LLC grew its stake in shares of Cleanspark by 207.8% in the first quarter. GAMMA Investing LLC now owns 12,163 shares of the company's stock valued at $82,000 after acquiring an additional 8,212 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Cleanspark in the first quarter valued at about $82,000. Institutional investors own 43.12% of the company's stock.

Cleanspark Trading Down 1.7%

NASDAQ CLSK traded down $0.16 during mid-day trading on Thursday, hitting $9.33. The company's stock had a trading volume of 16,172,092 shares, compared to its average volume of 19,499,996. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.98 and a beta of 3.72. The company's 50 day simple moving average is $10.98 and its 200 day simple moving average is $9.50. Cleanspark, Inc. has a twelve month low of $6.45 and a twelve month high of $17.97.

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

Wall Street Analysts Forecast Growth

CLSK has been the topic of several research reports. LADENBURG THALM/SH SH assumed coverage on shares of Cleanspark in a research note on Monday, July 28th. They issued a "buy" rating and a $20.25 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Cleanspark from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Macquarie boosted their target price on shares of Cleanspark from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wall Street Zen raised Cleanspark from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Cantor Fitzgerald raised their price target on shares of Cleanspark from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Ten equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $20.47.

About Cleanspark

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.