PNC Financial Services Group Inc. Has $109,000 Stock Position in Cleanspark, Inc. $CLSK

PNC Financial Services Group Inc. boosted its stake in Cleanspark, Inc. (NASDAQ:CLSK) by 802.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,289 shares of the company’s stock after buying an additional 14,484 shares during the period. PNC Financial Services Group Inc.’s holdings in Cleanspark were worth $109,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CLSK. Russell Investments Group Ltd. grew its position in shares of Cleanspark by 60.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,859 shares of the company’s stock worth $54,000 after purchasing an additional 2,196 shares in the last quarter. Legal & General Group Plc grew its position in shares of Cleanspark by 13.0% during the 4th quarter. Legal & General Group Plc now owns 232,322 shares of the company’s stock worth $2,140,000 after purchasing an additional 26,651 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Cleanspark by 12.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 26,034 shares of the company’s stock worth $240,000 after purchasing an additional 2,879 shares in the last quarter. Barclays PLC grew its position in shares of Cleanspark by 96.2% during the 4th quarter. Barclays PLC now owns 763,801 shares of the company’s stock worth $7,034,000 after purchasing an additional 374,600 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Cleanspark by 265.8% during the 4th quarter. Marshall Wace LLP now owns 519,401 shares of the company’s stock worth $4,784,000 after purchasing an additional 377,400 shares in the last quarter. Institutional investors and hedge funds own 43.12% of the company’s stock.

Wall Street Analyst Weigh In

CLSK has been the topic of a number of analyst reports. B. Riley increased their target price on shares of Cleanspark from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Cantor Fitzgerald increased their target price on shares of Cleanspark from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. BTIG Research restated a “buy” rating on shares of Cleanspark in a research report on Friday, June 13th. Wall Street Zen upgraded shares of Cleanspark from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Macquarie increased their target price on shares of Cleanspark from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Cleanspark has a consensus rating of “Buy” and an average target price of $20.47.

Cleanspark Trading Down 4.9%

Shares of Cleanspark stock opened at $9.36 on Wednesday. The company has a 50 day moving average of $11.00 and a 200-day moving average of $9.51. Cleanspark, Inc. has a 1-year low of $6.45 and a 1-year high of $17.97. The company has a market cap of $2.63 billion, a PE ratio of 11.01 and a beta of 3.72.

Cleanspark (NASDAQ:CLSK) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.07 by $0.71. The business had revenue of $198.64 million during the quarter, compared to the consensus estimate of $191.33 million. Cleanspark had a net margin of 47.98% and a return on equity of 8.89%. The firm’s revenue was up 90.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.03) EPS. Research analysts forecast that Cleanspark, Inc. will post 0.58 earnings per share for the current 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.