16 hours Ago By ABMN Staff
Shares of CleanSpark, Inc. ( NASDAQ:CLSK – Get Free Report ) fell 4.1% on Monday .
The company traded as low as $8.87 and last traded at $9.00.
882,110 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 30,686,420 shares. The stock had previously closed at $9.38.
Analysts Set New Price Targets CLSK has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $23.00 price target on shares of CleanSpark in a research report on Tuesday, September 3rd.
JPMorgan Chase & Co. reduced their target price on shares of CleanSpark from $12.50 to $10.
50 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a report on Wednesday, September 11th.
One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.
97. View Our Latest Research Report on CLSK CleanSpark Stock Down 3.4 % CleanSpark ( NASDAQ:CLSK – Get Free Report ) last posted its quarterly earnings data on Friday, August 9th.
The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.
03). CleanSpark had a negative return on equity of 3.64% and a negative net margin of 46.
31%. The firm had revenue of $104.11 million during the quarter, compared to analysts’ expectations of $114.
04 million. As a group, sell-side analysts expect that CleanSpark, Inc. will post -0.
06 EPS for the current year. Insider Buying and Selling In related news, Director Thomas Leigh Wood sold 22,222 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $9.
24, for a total transaction of $205,331.28. Following the completion of the transaction, the director now owns 137,050 shares in the company, valued at approximately $1,266,342.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . In the last three months, insiders sold 26,272 shares of company stock valued at $264,421. Insiders own 3.
46% of the company’s stock. Institutional Investors Weigh In On CleanSpark Large investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC bought a new stake in shares of CleanSpark during the first quarter valued at approximately $32,000.
National Bank of Canada FI lifted its holdings in shares of CleanSpark by 470.9% in the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company’s stock worth $41,000 after buying an additional 2,119 shares during the period.
Hollencrest Capital Management bought a new position in shares of CleanSpark during the 2nd quarter worth $48,000. Russell Investments Group Ltd. increased its stake in shares of CleanSpark by 36.
8% during the first quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company’s stock valued at $62,000 after buying an additional 787 shares during the period.
Finally, Banque Cantonale Vaudoise bought a new stake in shares of CleanSpark in the first quarter valued at about $109,000. 43.12% of the stock is owned by hedge funds and other institutional investors.
About CleanSpark ( Get Free Report ) 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. Read More Receive News & Ratings for CleanSpark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CleanSpark and related companies with MarketBeat.com's FREE daily email newsletter .
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