Keel Infrastructure (NASDAQ:KEEL) Stock Has Average Target Price of $6.25

Shares of Keel Infrastructure (NASDAQ:KEEL) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.25.

KEEL has been the topic of several research reports. Citizens Jmp began coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price target on the stock. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. BTIG Research initiated coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research note on Monday, July 13th.

Keel Infrastructure Stock Down 5.4%

NASDAQ:KEEL opened at $3.15 on Friday. Keel Infrastructure has a 52 week low of $1.68 and a 52 week high of $7.37. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The stock’s fifty day moving average price is $3.55. The firm has a market capitalization of $1.95 billion, a PE ratio of -10.50 and a beta of 4.00.

Keel Infrastructure (NASDAQ:KEEL) last posted its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%.The firm had revenue of $30.43 million for the quarter. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, sell-side analysts expect that Keel Infrastructure will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Keel Infrastructure

In related news, CEO Benjamin Gagnon purchased 58,888 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $3.33 per share, for a total transaction of $196,097.04. Following the acquisition, the chief executive officer directly owned 1,347,736 shares in the company, valued at $4,487,960.88. This trade represents a 4.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Liam Wilson purchased 30,769 shares of Keel Infrastructure stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the transaction, the chief operating officer directly owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 128,545 shares of company stock valued at $425,593 over the last three months. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Keel Infrastructure by 268.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock valued at $47,000 after purchasing an additional 9,675 shares during the last quarter. State Street Corp purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth $78,100,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Keel Infrastructure during the 2nd quarter worth $1,123,000. Tidal Investments LLC acquired a new position in shares of Keel Infrastructure during the second quarter worth $3,213,000. Finally, Engineers Gate Manager LP purchased a new position in Keel Infrastructure in the second quarter valued at $309,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

Keel Infrastructure Company Profile

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.