76,854 Shares in Cleanspark, Inc. $CLSK Acquired by Leonteq Securities AG

Leonteq Securities AG acquired a new position in Cleanspark, Inc. (NASDAQ:CLSK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 76,854 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its position in shares of Cleanspark by 115.5% during the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after buying an additional 937 shares during the period. Quarry LP purchased a new position in shares of Cleanspark during the third quarter worth $26,000. Morse Asset Management Inc purchased a new position in shares of Cleanspark during the third quarter worth $32,000. Danske Bank A S purchased a new position in shares of Cleanspark during the fourth quarter worth $25,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Cleanspark by 38.9% during the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after buying an additional 745 shares during the period. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLSK shares. Keefe, Bruyette & Woods raised their price target on Cleanspark from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research lowered Cleanspark from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a research report on Tuesday, May 12th. Needham & Company LLC raised their price target on Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald lowered their price target on Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.44.

Cleanspark Stock Up 1.3%

Shares of NASDAQ CLSK opened at $15.97 on Friday. The stock has a market cap of $4.10 billion, a P/E ratio of -7.60 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, Inc. has a 12-month low of $8.00 and a 12-month high of $23.61. The business’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $11.74.

Cleanspark (NASDAQ:CLSK) last announced its quarterly earnings data on Monday, May 11th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The company 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%. The firm’s revenue was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.49) earnings per share. As a group, equities analysts predict that Cleanspark, Inc. will post -1.19 EPS for the current fiscal year.

Cleanspark 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.