Clarity Capital Partners LLC Buys 35,586 Shares of CleanSpark, Inc. (NASDAQ:CLSK)

Clarity Capital Partners LLC increased its stake in shares of CleanSpark, Inc. (NASDAQ:CLSK) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,642 shares of the company’s stock after acquiring an additional 35,586 shares during the quarter. CleanSpark makes up 1.0% of Clarity Capital Partners LLC’s investment portfolio, making the stock its 24th largest position. Clarity Capital Partners LLC owned approximately 0.07% of CleanSpark worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of CleanSpark by 962.1% during the fourth quarter. GAMMA Investing LLC now owns 3,951 shares of the company’s stock valued at $36,000 after purchasing an additional 3,579 shares during the period. Hollencrest Capital Management boosted its position in CleanSpark by 33.3% during the 3rd quarter. Hollencrest Capital Management now owns 4,000 shares of the company’s stock valued at $37,000 after buying an additional 1,000 shares during the period. KBC Group NV grew its holdings in CleanSpark by 42.0% in the 3rd quarter. KBC Group NV now owns 7,403 shares of the company’s stock worth $69,000 after acquiring an additional 2,190 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CleanSpark by 21.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 7,689 shares of the company’s stock valued at $75,000 after acquiring an additional 1,345 shares during the period. Finally, R Squared Ltd bought a new position in shares of CleanSpark during the fourth quarter valued at about $101,000. 43.12% of the stock is currently owned by institutional investors.

CleanSpark Price Performance

NASDAQ:CLSK opened at $10.52 on Thursday. The firm’s 50-day moving average price is $11.05 and its 200-day moving average price is $11.42. The company has a market capitalization of $2.95 billion, a PE ratio of 95.65 and a beta of 4.24. CleanSpark, Inc. has a 1-year low of $8.04 and a 1-year high of $24.72.

CleanSpark (NASDAQ:CLSK) last announced its earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a net margin of 16.07% and a negative return on equity of 2.81%. Equities analysts anticipate that CleanSpark, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CLSK shares. Macquarie raised their target price on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Needham & Company LLC began coverage on CleanSpark in a report on Wednesday. They set a “buy” rating and a $20.00 target price for the company. JPMorgan Chase & Co. raised CleanSpark from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $10.50 to $17.00 in a research note on Tuesday, December 10th. HC Wainwright reissued a “buy” rating and set a $27.00 price objective on shares of CleanSpark in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of CleanSpark in a research report on Monday, January 27th. They issued an “outperform” rating and a $19.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.25.

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.