Money Concepts Capital Corp Has $475,000 Stock Position in CleanSpark, Inc. (NASDAQ:CLSK)

Money Concepts Capital Corp grew its position in CleanSpark, Inc. (NASDAQ:CLSK) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,571 shares of the company’s stock after buying an additional 8,487 shares during the quarter. Money Concepts Capital Corp’s holdings in CleanSpark were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of CleanSpark by 7.0% during the second quarter. Sei Investments Co. now owns 30,344 shares of the company’s stock worth $484,000 after purchasing an additional 1,987 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of CleanSpark by 20.0% during the second quarter. The Manufacturers Life Insurance Company now owns 127,865 shares of the company’s stock worth $2,039,000 after purchasing an additional 21,326 shares during the period. Cetera Investment Advisers boosted its holdings in shares of CleanSpark by 84.8% during the second quarter. Cetera Investment Advisers now owns 124,992 shares of the company’s stock worth $1,994,000 after purchasing an additional 57,354 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of CleanSpark during the second quarter worth approximately $286,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of CleanSpark by 32.4% during the third quarter. Handelsbanken Fonder AB now owns 56,000 shares of the company’s stock worth $523,000 after purchasing an additional 13,700 shares during the period. 43.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on CLSK shares. JPMorgan Chase & Co. upgraded shares of 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 report on Tuesday, December 10th. HC Wainwright restated a “buy” rating and set a $27.00 price target on shares of CleanSpark in a report on Tuesday, January 28th. Keefe, Bruyette & Woods started coverage on shares of CleanSpark in a report on Monday, January 27th. They set an “outperform” rating and a $19.00 price target for the company. Finally, Macquarie raised their price objective on shares of CleanSpark from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CleanSpark has a consensus rating of “Buy” and a consensus target price of $22.57.

CleanSpark Stock Performance

Shares of CLSK opened at $10.38 on Friday. The firm has a market cap of $2.91 billion, a PE ratio of -17.90 and a beta of 4.25. The firm’s 50 day moving average price is $11.40 and its 200 day moving average price is $11.64. CleanSpark, Inc. has a twelve month low of $8.04 and a twelve month high of $24.72.

CleanSpark (NASDAQ:CLSK) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. CleanSpark had a negative net margin of 38.47% and a negative return on equity of 2.36%. On average, sell-side analysts anticipate that CleanSpark, Inc. will post 0.18 earnings per share for the current fiscal year.

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.