Deutsche Bank AG Acquires 20,661 Shares of Cleanspark, Inc. $CLSK

Deutsche Bank AG lifted its holdings in Cleanspark, Inc. (NASDAQ:CLSK) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 368,142 shares of the company’s stock after purchasing an additional 20,661 shares during the period. Deutsche Bank AG owned 0.13% of Cleanspark worth $2,474,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Cleanspark by 68.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 281,783 shares of the company’s stock worth $2,595,000 after buying an additional 114,674 shares in the last quarter. Algert Global LLC grew its position in Cleanspark by 284.1% during the fourth quarter. Algert Global LLC now owns 198,862 shares of the company’s stock worth $1,832,000 after buying an additional 147,086 shares in the last quarter. Ameriprise Financial Inc. grew its position in Cleanspark by 27.7% during the fourth quarter. Ameriprise Financial Inc. now owns 291,391 shares of the company’s stock worth $2,684,000 after buying an additional 63,123 shares in the last quarter. Bank of New York Mellon Corp grew its position in Cleanspark by 128.9% during the first quarter. Bank of New York Mellon Corp now owns 1,579,277 shares of the company’s stock worth $10,613,000 after buying an additional 889,317 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Cleanspark by 24.5% during the first quarter. Exchange Traded Concepts LLC now owns 889,540 shares of the company’s stock worth $5,978,000 after buying an additional 175,291 shares in the last quarter. 43.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLSK. Cantor Fitzgerald lifted their target price on Cleanspark from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Chardan Capital reissued a “buy” rating and set a $20.00 target price on shares of Cleanspark in a research report on Friday, August 8th. LADENBURG THALM/SH SH began coverage on Cleanspark in a research report on Monday, July 28th. They set a “buy” rating and a $20.25 target price on the stock. BTIG Research reissued a “buy” rating on shares of Cleanspark in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Cleanspark from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $20.47.

Cleanspark Trading Up 1.4%

NASDAQ CLSK opened at $9.49 on Thursday. The stock’s 50 day moving average is $10.99 and its two-hundred day moving average is $9.51. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.16 and a beta of 3.72. Cleanspark, Inc. has a 1-year low of $6.45 and a 1-year high of $17.97.

Cleanspark (NASDAQ:CLSK) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.71. The company had revenue of $198.64 million for the quarter, compared to the consensus estimate of $191.33 million. Cleanspark had a return on equity of 8.89% and a net margin of 47.98%.The company’s quarterly revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the business earned ($1.03) earnings per share. On average, analysts predict that Cleanspark, Inc. will post 0.58 earnings per share for the current year.

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.