Needham & Company LLC Issues Pessimistic Forecast for Cleanspark (NASDAQ:CLSK) Stock Price

Cleanspark (NASDAQ:CLSK) had its target price dropped by stock analysts at Needham & Company LLC from $25.00 to $19.00 in a research note issued on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective suggests a potential upside of 88.49% from the company’s current price.

A number of other equities research analysts have also recently issued reports on CLSK. Wall Street Zen cut shares of Cleanspark from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Northland Securities assumed coverage on shares of Cleanspark in a research note on Tuesday, January 13th. They set an “outperform” rating and a $22.50 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $21.00 price objective on shares of Cleanspark in a report on Wednesday, November 26th. BTIG Research boosted their target price on Cleanspark from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, HC Wainwright decreased their price target on Cleanspark from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Cleanspark Stock Performance

Shares of NASDAQ:CLSK opened at $10.08 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.18 and a quick ratio of 4.18. The business’s fifty day moving average price is $12.32 and its two-hundred day moving average price is $12.98. Cleanspark has a fifty-two week low of $6.45 and a fifty-two week high of $23.61. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -9.42 and a beta of 3.47.

Insider Transactions at Cleanspark

In related news, Director Amanda Cavaleri sold 33,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $15.02, for a total value of $495,660.00. Following the completion of the transaction, the director owned 107,289 shares in the company, valued at $1,611,480.78. The trade was a 23.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas Leigh Wood sold 85,315 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $11.69, for a total value of $997,332.35. Following the transaction, the director directly owned 41,421 shares in the company, valued at approximately $484,211.49. This represents a 67.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On Cleanspark

Several large investors have recently made changes to their positions in CLSK. Smartleaf Asset Management LLC boosted its holdings in Cleanspark by 38.9% in the third quarter. Smartleaf Asset Management LLC now owns 2,660 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Cleanspark by 4.0% during the 3rd 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Cleanspark by 3.5% in the 3rd 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 during the last quarter. GAMMA Investing LLC grew its position in shares of Cleanspark by 7.8% during the 3rd quarter. GAMMA Investing LLC now owns 12,915 shares of the company’s stock worth $187,000 after buying an additional 932 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Cleanspark by 115.5% during the third quarter. Hantz Financial Services Inc. now owns 1,748 shares of the company’s stock worth $25,000 after buying an additional 937 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Key Cleanspark News

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Operations & liquidity — CleanSpark produced 573 BTC in January and sold about $14.6M of BTC to fund operations, a sign of ongoing mining output and cash-generation actions that support near-term liquidity. Article Title
• Positive Sentiment: AI & power expansion — The company reported it secured up to 890 MW of new utility-grade power capacity and is advancing a multi-gigawatt AI infrastructure platform, which supports its strategic pivot beyond bitcoin mining and could drive future revenue diversification. Article Title
• Neutral Sentiment: Analyst price-target adjustments — Needham cut its target from $25 to $19 but kept a buy rating; Chardan trimmed its target from $30 to $16 and also remains constructive. These cuts temper upside expectations but leave institutional support intact. Article Title
• Neutral Sentiment: Earnings call transcripts published — Management commentary from the Q1 call is available (transcripts on Seeking Alpha/MSN/Yahoo) for investors who want details on margins, capex, BTC strategy and the AI buildout. Article Title
• Negative Sentiment: Q1 results missed expectations — CleanSpark reported revenue of ~$181.2M (below ~ $200M consensus) and an EPS loss that was wider than expected, prompting after-hours weakness. The miss highlights near-term pressure from bitcoin price declines and execution/cost dynamics. Article Title
• Negative Sentiment: Analyst/sector downgrades tied to bitcoin pain — Commentary and at least one sector downgrade noted that “the economics are shifting with bitcoin crashing,” increasing near-term risk to mining profitability if BTC prices remain depressed. Article Title

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.