CleanSpark, Inc. (NASDAQ:CLSK - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $12.01, but opened at $12.34. CleanSpark shares last traded at $12.20, with a volume of 4,273,437 shares traded.
Analyst Ratings Changes
A number of research firms recently commented on CLSK. Cantor Fitzgerald dropped their target price on shares of CleanSpark from $28.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. HC Wainwright reissued a "buy" rating and issued a $27.00 target price on shares of CleanSpark in a research report on Monday, August 12th. Chardan Capital restated a "buy" rating and issued a $26.00 price objective on shares of CleanSpark in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CleanSpark from $15.00 to $12.50 and set a "neutral" rating for the company in a research note on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.30.
Check Out Our Latest Analysis on CleanSpark
CleanSpark Stock Performance
The company's 50 day moving average is $15.73 and its 200 day moving average is $16.44.
Hedge Funds Weigh In On CleanSpark
Several large investors have recently bought and sold shares of CLSK. American Capital Advisory LLC bought a new stake in CleanSpark in the 1st quarter valued at $32,000. National Bank of Canada FI lifted its position in CleanSpark by 470.9% during the 2nd quarter. National Bank of Canada FI now owns 2,569 shares of the company's stock valued at $41,000 after purchasing an additional 2,119 shares during the period. Russell Investments Group Ltd. lifted its position in CleanSpark by 36.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,926 shares of the company's stock valued at $62,000 after purchasing an additional 787 shares during the period. Hollencrest Capital Management acquired a new position in CleanSpark during the 2nd quarter valued at about $48,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of CleanSpark in the 1st quarter valued at approximately $109,000. 43.12% of the stock is currently owned by institutional investors and hedge funds.
CleanSpark Company Profile
(
Get Free Report)
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.
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