HC Wainwright Analysts Cut Earnings Estimates for Cleanspark

Cleanspark, Inc. (NASDAQ:CLSK) – Investment analysts at HC Wainwright reduced their Q1 2026 earnings per share (EPS) estimates for Cleanspark in a note issued to investors on Wednesday, November 26th. HC Wainwright analyst M. Colonnese now forecasts that the company will earn ($0.19) per share for the quarter, down from their previous forecast of $0.15. HC Wainwright currently has a “Buy” rating and a $27.00 target price on the stock. The consensus estimate for Cleanspark’s current full-year earnings is $0.58 per share. HC Wainwright also issued estimates for Cleanspark’s Q2 2026 earnings at ($0.13) EPS, Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at ($0.33) EPS.

Other analysts have also issued reports about the company. Wall Street Zen lowered Cleanspark from a “hold” rating to a “sell” rating in a research note on Friday. Needham & Company LLC upped their price target on shares of Cleanspark from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised shares of Cleanspark from a “neutral” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Monday, November 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $21.00 target price on shares of Cleanspark in a research note on Wednesday. Finally, B. Riley lowered their target price on Cleanspark from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.20.

Cleanspark Price Performance

Cleanspark stock opened at $15.23 on Monday. The company’s 50 day moving average price is $15.84 and its two-hundred day moving average price is $12.36. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.30. Cleanspark has a 52 week low of $6.45 and a 52 week high of $23.61. The stock has a market cap of $3.89 billion, a P/E ratio of 13.72 and a beta of 3.79.

Hedge Funds Weigh In On Cleanspark

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Cleanspark by 38.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock worth $40,000 after acquiring an additional 745 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Cleanspark by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 20,096 shares of the company’s stock valued at $291,000 after purchasing an additional 781 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cleanspark by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,838 shares of the company’s stock valued at $375,000 after purchasing an additional 873 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cleanspark by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after purchasing an additional 932 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Cleanspark by 115.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after purchasing an additional 937 shares in the last quarter. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Insiders Place Their Bets

In other Cleanspark news, COO Taylor Monnig sold 63,713 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $9.12, for a total value of $581,062.56. Following the completion of the sale, the chief operating officer owned 120,337 shares in the company, valued at approximately $1,097,473.44. This trade represents a 34.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.65% of the company’s stock.

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.