CleanSpark, Inc. (NASDAQ:CLSK) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,867 shares of the company’s stock after acquiring an additional 11,550 shares during the period. Empowered Funds LLC owned 0.08% of CleanSpark worth $3,264,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in CleanSpark in the 1st quarter worth about $32,000. Signaturefd LLC boosted its stake in CleanSpark by 100.0% in the 4th quarter. Signaturefd LLC now owns 9,000 shares of the company’s stock worth $99,000 after buying an additional 4,500 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in CleanSpark in the 1st quarter worth about $109,000. Copperwynd Financial LLC acquired a new stake in CleanSpark in the 4th quarter worth about $112,000. Finally, VitalStone Financial LLC boosted its stake in CleanSpark by 21.7% in the 4th quarter. VitalStone Financial LLC now owns 10,825 shares of the company’s stock worth $119,000 after buying an additional 1,930 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CLSK shares. Cantor Fitzgerald raised their price target on CleanSpark from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 3rd. HC Wainwright reissued a “buy” rating and issued a $27.00 price target on shares of CleanSpark in a research note on Friday, June 28th. BTIG Research raised their price objective on CleanSpark from $12.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Chardan Capital restated a “buy” rating and issued a $26.00 price objective on shares of CleanSpark in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. cut their price objective on CleanSpark from $15.00 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, CleanSpark currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.13.

CleanSpark Stock Performance

Shares of CleanSpark stock traded up $0.89 during trading hours on Friday, reaching $15.85. The stock had a trading volume of 29,243,133 shares, compared to its average volume of 26,797,178. The firm has a 50 day simple moving average of $16.76 and a two-hundred day simple moving average of $15.36. CleanSpark, Inc. has a 1 year low of $3.38 and a 1 year high of $24.72.

CleanSpark (NASDAQ:CLSK) last announced its earnings results on Thursday, May 9th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $111.80 million for the quarter, compared to the consensus estimate of $111.11 million. CleanSpark had a negative return on equity of 6.30% and a net margin of 22.41%. Equities analysts anticipate that CleanSpark, Inc. will post -0.09 earnings per share for the current year.

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.