Q1 Earnings Forecast for CleanSpark Issued By HC Wainwright

CleanSpark, Inc. (NASDAQ:CLSK) – Investment analysts at HC Wainwright lowered their Q1 2025 earnings per share estimates for shares of CleanSpark in a research report issued on Tuesday, December 3rd. HC Wainwright analyst M. Colonnese now expects that the company will earn ($0.12) per share for the quarter, down from their previous estimate of ($0.11). HC Wainwright has a “Buy” rating and a $27.00 price target on the stock. The consensus estimate for CleanSpark’s current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for CleanSpark’s Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at $0.08 EPS, FY2025 earnings at $0.01 EPS, Q1 2026 earnings at $0.13 EPS and FY2026 earnings at $0.59 EPS.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reissued an “overweight” rating and set a $23.00 target price on shares of CleanSpark in a research report on Thursday, October 3rd. Macquarie raised their target price on CleanSpark from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on CleanSpark from $12.50 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, CleanSpark presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

CleanSpark Stock Performance

Shares of NASDAQ CLSK opened at $14.68 on Thursday. CleanSpark has a fifty-two week low of $6.41 and a fifty-two week high of $24.72. The firm has a market capitalization of $3.72 billion, a PE ratio of -25.31 and a beta of 4.16. The stock’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $13.52.

Institutional Trading of CleanSpark

A number of institutional investors have recently modified their holdings of the business. Hollencrest Capital Management boosted its stake in shares of CleanSpark by 33.3% in the third 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 in the last quarter. SteelPeak Wealth LLC boosted its stake in shares of CleanSpark by 3.0% in the second quarter. SteelPeak Wealth LLC now owns 36,907 shares of the company’s stock valued at $589,000 after buying an additional 1,066 shares in the last quarter. FMR LLC boosted its stake in shares of CleanSpark by 5.0% in the third quarter. FMR LLC now owns 24,729 shares of the company’s stock valued at $231,000 after buying an additional 1,170 shares in the last quarter. Amalgamated Bank boosted its stake in shares of CleanSpark by 18.4% in the second quarter. Amalgamated Bank now owns 7,667 shares of the company’s stock valued at $122,000 after buying an additional 1,194 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake 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 buying an additional 1,345 shares in the last quarter. 43.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CleanSpark news, Director Thomas Leigh Wood sold 22,222 shares of CleanSpark stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $9.24, for a total value of $205,331.28. Following the transaction, the director now directly owns 137,050 shares in the company, valued at approximately $1,266,342. This trade represents a 13.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 26,272 shares of company stock worth $254,836 in the last quarter. 2.99% of the stock is owned by insiders.

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.