CleanSpark (NASDAQ:CLSK - Free Report) had its price target reduced by JPMorgan Chase & Co. from $12.50 to $10.50 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the stock.
A number of other brokerages also recently weighed in on CLSK. HC Wainwright reissued a buy rating and set a $27.00 target price on shares of CleanSpark in a research note on Monday, August 12th. Chardan Capital reiterated a buy rating and issued a $26.00 target price on shares of CleanSpark in a report on Monday, May 13th. Finally, Cantor Fitzgerald cut their price target on CleanSpark from $28.00 to $23.00 and set an overweight rating on the stock in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, CleanSpark currently has an average rating of Moderate Buy and an average target price of $18.97.
Read Our Latest Research Report on CleanSpark
CleanSpark Stock Up 6.2 %
CleanSpark stock traded up $0.74 during mid-day trading on Friday, hitting $12.61. 29,543,815 shares of the stock were exchanged, compared to its average volume of 31,890,814. CleanSpark has a 12 month low of $3.38 and a 12 month high of $24.72. The firm's fifty day simple moving average is $15.42 and its two-hundred day simple moving average is $16.41.
Institutional Trading of CleanSpark
Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of CleanSpark by 58.5% in the first quarter. Vanguard Group Inc. now owns 12,755,249 shares of the company's stock valued at $270,539,000 after buying an additional 4,706,738 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CleanSpark by 62.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,433,586 shares of the company's stock valued at $93,032,000 after acquiring an additional 3,235,171 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CleanSpark by 11.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,611 shares of the company's stock valued at $15,217,000 after purchasing an additional 142,078 shares during the last quarter. Millennium Management LLC increased its holdings in CleanSpark by 74.6% during the 2nd quarter. Millennium Management LLC now owns 1,251,278 shares of the company's stock worth $19,958,000 after purchasing an additional 534,825 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in CleanSpark during the 2nd quarter worth approximately $18,074,000. Institutional investors and hedge funds own 43.12% of the company's stock.
CleanSpark Company Profile
(
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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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