Cleanspark, Inc. (NASDAQ:CLSK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Cleanspark, Inc. (NASDAQ:CLSK) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.4423.

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Cleanspark from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods increased their target price on shares of Cleanspark from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of Cleanspark in a report on Tuesday, May 12th. Needham & Company LLC boosted their price target on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cleanspark in a research note on Friday, May 8th.

Cleanspark News Summary

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

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Cleanspark by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,051,850 shares of the company’s stock valued at $377,752,000 after purchasing an additional 769,148 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cleanspark by 81.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,102,777 shares of the company’s stock valued at $120,007,000 after purchasing an additional 6,323,715 shares during the last quarter. Marex Group plc boosted its stake in shares of Cleanspark by 23,812.2% in the 4th quarter. Marex Group plc now owns 5,400,561 shares of the company’s stock valued at $54,654,000 after purchasing an additional 5,377,976 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cleanspark by 22.1% in the 3rd quarter. Invesco Ltd. now owns 4,482,527 shares of the company’s stock valued at $64,997,000 after purchasing an additional 810,203 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Cleanspark by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 4,366,437 shares of the company’s stock valued at $63,313,000 after purchasing an additional 514,062 shares during the last quarter. 43.12% of the stock is owned by institutional investors.

Cleanspark Price Performance

Shares of NASDAQ:CLSK opened at $13.11 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 8.26 and a current ratio of 8.26. Cleanspark has a 52 week low of $8.00 and a 52 week high of $23.61. The firm has a market cap of $3.36 billion, a PE ratio of -6.24 and a beta of 3.71. The firm’s fifty day moving average is $10.90 and its 200-day moving average is $11.81.

Cleanspark (NASDAQ:CLSK) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $145.36 million. Cleanspark had a positive return on equity of 7.07% and a negative net margin of 67.66%.The firm’s revenue for the quarter was down 24.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.49) earnings per share. Sell-side analysts predict that Cleanspark will post -1.19 earnings per share for the current year.

About Cleanspark

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.