Cleanspark, Inc. $CLSK Stock Position Lifted by Swiss National Bank

Swiss National Bank grew its position in shares of Cleanspark, Inc. (NASDAQ:CLSK) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 566,800 shares of the company’s stock after buying an additional 68,900 shares during the period. Swiss National Bank owned about 0.20% of Cleanspark worth $3,809,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its holdings in Cleanspark by 13.5% during the 4th quarter. Mackenzie Financial Corp now owns 15,916 shares of the company’s stock worth $147,000 after buying an additional 1,898 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cleanspark by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,500 shares of the company’s stock worth $144,000 after purchasing an additional 2,158 shares during the period. Russell Investments Group Ltd. raised its position in shares of Cleanspark by 60.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company’s stock worth $54,000 after purchasing an additional 2,196 shares during the period. Freedom Investment Management Inc. raised its position in shares of Cleanspark by 21.9% during the 4th quarter. Freedom Investment Management Inc. now owns 16,938 shares of the company’s stock worth $156,000 after purchasing an additional 3,043 shares during the period. Finally, Xponance Inc. raised its position in shares of Cleanspark by 18.1% during the 1st quarter. Xponance Inc. now owns 21,137 shares of the company’s stock worth $142,000 after purchasing an additional 3,236 shares during the period. Institutional investors own 43.12% of the company’s stock.

Cleanspark Price Performance

CLSK opened at $9.49 on Thursday. Cleanspark, Inc. has a 12 month low of $6.45 and a 12 month high of $17.97. The stock has a market cap of $2.67 billion, a P/E ratio of 11.16 and a beta of 3.72. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $9.51.

Cleanspark (NASDAQ:CLSK) last posted its earnings results on Thursday, August 7th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.07 by $0.71. Cleanspark had a return on equity of 8.89% and a net margin of 47.98%.The firm had revenue of $198.64 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period last year, the firm earned ($1.03) EPS. The firm’s revenue was up 90.8% compared to the same quarter last year. Equities analysts anticipate that Cleanspark, Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Chardan Capital reiterated a “buy” rating and set a $20.00 price target on shares of Cleanspark in a research report on Friday, August 8th. LADENBURG THALM/SH SH assumed coverage on Cleanspark in a research report on Monday, July 28th. They set a “buy” rating and a $20.25 price target on the stock. Cantor Fitzgerald increased their price target on Cleanspark from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Macquarie increased their price target on Cleanspark from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Cleanspark from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Ten research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.47.

Cleanspark Company Profile

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.