What is HC Wainwright's Forecast for CleanSpark Q1 Earnings?

CleanSpark, Inc. (NASDAQ:CLSK - Free Report) - Analysts at HC Wainwright upped their Q1 2026 earnings estimates for CleanSpark in a research report issued on Friday, February 7th. HC Wainwright analyst M. Colonnese now anticipates that the company will post earnings of $0.16 per share for the quarter, up from their prior estimate of $0.13. 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 $0.29 per share. HC Wainwright also issued estimates for CleanSpark's Q2 2026 earnings at $0.19 EPS and Q3 2026 earnings at $0.22 EPS.

CleanSpark (NASDAQ:CLSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.81%.

CLSK has been the topic of several other reports. Needham & Company LLC began coverage on shares of CleanSpark in a report on Wednesday. They issued a "buy" rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods began coverage on shares of CleanSpark in a research note on Monday, January 27th. They set an "outperform" rating and a $19.00 target price for the company. Macquarie boosted their target price on shares of CleanSpark from $20.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of CleanSpark from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $10.50 to $17.00 in a research note on Tuesday, December 10th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CleanSpark currently has a consensus rating of "Buy" and a consensus price target of $22.25.

CleanSpark Price Performance

CLSK traded down $0.17 during trading on Monday, hitting $10.50. The company had a trading volume of 18,971,406 shares, compared to its average volume of 23,813,260. The company has a market cap of $2.95 billion, a PE ratio of 95.46 and a beta of 4.24. The business has a 50-day moving average of $10.89 and a 200-day moving average of $11.38. CleanSpark has a 1-year low of $8.04 and a 1-year high of $24.72.

Institutional Investors Weigh In On CleanSpark

Several institutional investors have recently bought and sold shares of the stock. AQR Arbitrage LLC acquired a new stake in CleanSpark in the fourth quarter worth about $2,334,000. Schonfeld Strategic Advisors LLC lifted its holdings in CleanSpark by 178.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 105,287 shares of the company's stock valued at $970,000 after acquiring an additional 67,477 shares during the last quarter. Northern Trust Corp lifted its holdings in CleanSpark by 7.2% in the 4th quarter. Northern Trust Corp now owns 2,419,057 shares of the company's stock valued at $22,280,000 after acquiring an additional 163,282 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CleanSpark by 7.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 149,645 shares of the company's stock valued at $1,378,000 after acquiring an additional 10,451 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in CleanSpark by 81.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 100,000 shares of the company's stock valued at $921,000 after acquiring an additional 45,000 shares during the last quarter. Institutional investors and hedge funds own 43.12% of the company's stock.

Insider Transactions at CleanSpark

In other news, CEO Zachary Bradford sold 10,533 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.64, for a total transaction of $112,071.12. Following the completion of the transaction, the chief executive officer now owns 3,059,326 shares in the company, valued at approximately $32,551,228.64. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman S. Matthew Schultz sold 9,010 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $10.64, for a total transaction of $95,866.40. Following the transaction, the chairman now owns 2,450,010 shares of the company's stock, valued at $26,068,106.40. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,536 shares of company stock worth $265,748. 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.