Cleanspark (NASDAQ:CLSK) Price Target Raised to $16.00 at Keefe, Bruyette & Woods

Cleanspark (NASDAQ:CLSK) had its price target boosted by Keefe, Bruyette & Woods from $14.00 to $16.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also weighed in on CLSK. Maxim Group increased their target price on shares of Cleanspark from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday. Chardan Capital reiterated a “buy” rating and set a $16.00 target price on shares of Cleanspark in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Cleanspark in a research report on Friday, May 8th. Needham & Company LLC increased their target price on shares of Cleanspark from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald cut their target price on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Cleanspark currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.44.

Cleanspark Price Performance

CLSK opened at $13.30 on Wednesday. The firm has a market cap of $3.41 billion, a P/E ratio of -6.33 and a beta of 3.71. The firm has a 50-day moving average of $10.77 and a 200 day moving average of $11.90. The company has a debt-to-equity ratio of 1.81, a quick ratio of 10.54 and a current ratio of 8.26. Cleanspark has a fifty-two week low of $8.00 and a fifty-two week high of $23.61.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). The company had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.36 million. Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. Cleanspark’s quarterly revenue was down 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.49) EPS. On average, research analysts expect that Cleanspark will post -0.7 EPS for the current year.

Institutional Investors Weigh In On Cleanspark

Institutional investors and hedge funds have recently modified their holdings of the company. X Square Capital LLC purchased a new stake in shares of Cleanspark in the third quarter worth about $2,900,000. New York State Teachers Retirement System lifted its holdings in shares of Cleanspark by 37.7% in the fourth quarter. New York State Teachers Retirement System now owns 341,749 shares of the company’s stock worth $3,458,000 after buying an additional 93,649 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Cleanspark in the fourth quarter worth about $2,019,000. SG Americas Securities LLC lifted its holdings in shares of Cleanspark by 201.8% in the third quarter. SG Americas Securities LLC now owns 134,357 shares of the company’s stock worth $1,948,000 after buying an additional 89,843 shares in the last quarter. Finally, Benchmark Financial LLC purchased a new stake in shares of Cleanspark in the fourth quarter worth about $1,255,000. 43.12% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Cleanspark

Here are the key news stories impacting Cleanspark this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on CleanSpark to $16 from $14 and kept an outperform rating, signaling continued confidence in the stock’s upside. KBW price target raise
• Positive Sentiment: BTIG Research reaffirmed its buy rating and set a $26 target, while Maxim Group also lifted its target to $22 and reiterated buy, reinforcing a bullish analyst tone. BTIG reaffirmation
• Positive Sentiment: Unusual call option buying suggests some traders are positioning for further upside in CLSK. Call option buying
• Positive Sentiment: Operational updates showed CleanSpark mined 640 bitcoin in April, highlighting continued production momentum in its core mining business. April mining update
• Neutral Sentiment: CleanSpark’s earnings call emphasized a strategic pivot toward digital infrastructure, AI, and high-performance computing, which could broaden the long-term story but is not an immediate financial catalyst. Earnings call summary
• Negative Sentiment: CleanSpark reported a disappointing quarter with a wider loss and revenue below estimates, which remains a key fundamental headwind for the stock. Q2 earnings miss
• Negative Sentiment: Management also flagged a large loss tied to bitcoin holdings, adding to investor concern around balance-sheet and crypto-price volatility. Bitcoin holdings loss
• Negative Sentiment: Zacks Research downgraded CleanSpark from hold to strong sell, showing that not all analysts are convinced by the recent rally. Zacks downgrade

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.