Cantor Fitzgerald reaffirmed their overweight rating on shares of CleanSpark (NASDAQ:CLSK – Free Report) in a report issued on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $10.00 price objective on the stock.
A number of other brokerages also recently commented on CLSK. HC Wainwright lifted their target price on CleanSpark from $12.00 to $14.00 and gave the company a buy rating in a research note on Thursday, August 10th. Chardan Capital boosted their target price on CleanSpark from $10.00 to $11.00 and gave the stock a buy rating in a report on Friday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of CleanSpark in a research report on Wednesday, October 11th. They set an overweight rating and a $5.50 price objective on the stock. Sanford C. Bernstein began coverage on shares of CleanSpark in a research report on Tuesday, October 31st. They set an outperform rating and a $5.30 price objective on the stock. Finally, TheStreet cut shares of CleanSpark from a c- rating to a d rating in a report on Monday, September 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average target price of $9.30.
CleanSpark Trading Up 16.5 %
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in shares of CleanSpark during the second quarter valued at about $48,000. Mirae Asset Global Investments Co. Ltd. grew its stake in CleanSpark by 4.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 410,115 shares of the company’s stock worth $1,140,000 after buying an additional 17,393 shares during the last quarter. SG Americas Securities LLC bought a new stake in CleanSpark during the first quarter worth about $78,000. EA Series Trust bought a new position in CleanSpark in the second quarter valued at about $328,000. Finally, Bank of Montreal Can bought a new position in shares of CleanSpark in the 2nd quarter valued at about $122,000. Institutional investors and hedge funds own 34.06% of the company’s stock.
CleanSpark, Inc engages in bitcoin mining operations. It develops sustainable infrastructure for Bitcoin, a tool for financial independence and inclusion. The company also provides traditional data center services to its clients, such as providing customers with rack space, power, and equipment, as well as cloud services, including virtual services, virtual storage, and data backup services.
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