Keel Infrastructure (NASDAQ:KEEL) Director Edith Hofmeister Acquires 15,000 Shares of Stock

Keel Infrastructure (NASDAQ:KEEL) Director Edith Hofmeister purchased 15,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $1.89 per share, with a total value of $28,350.00. Following the purchase, the director owned 255,001 shares of the company’s stock, valued at approximately $481,951.89. This represents a 6.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Keel Infrastructure Stock Performance

Keel Infrastructure stock opened at $1.91 on Wednesday. The company has a quick ratio of 12.00, a current ratio of 12.13 and a debt-to-equity ratio of 3.74. Keel Infrastructure has a twelve month low of $1.60 and a twelve month high of $7.37. The stock’s fifty day simple moving average is $2.98 and its 200-day simple moving average is $3.84.

Keel Infrastructure (NASDAQ:KEEL) last released its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. The company had revenue of $27.60 million during the quarter. During the same period in the previous year, the business posted ($0.02) EPS. On average, analysts expect that Keel Infrastructure will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KEEL. HC Wainwright decreased their price objective on Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, November 5th. Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. B. Riley Financial decreased their price target on shares of Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, October 30th. BTIG Research started coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target for the company. Finally, The Goldman Sachs Group began coverage on shares of Keel Infrastructure in a research report on Friday. They issued a “neutral” rating and a $2.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Creek Drive Management Group LLC purchased a new stake in Keel Infrastructure during the third quarter worth approximately $789,000. Cibc World Market Inc. raised its holdings in Keel Infrastructure by 1,813.4% during the third quarter. Cibc World Market Inc. now owns 207,624 shares of the company’s stock worth $733,000 after purchasing an additional 196,773 shares in the last quarter. Banco Santander S.A. raised its holdings in Keel Infrastructure by 2,449.6% during the third quarter. Banco Santander S.A. now owns 1,092,865 shares of the company’s stock worth $3,858,000 after purchasing an additional 1,050,000 shares in the last quarter. HighTower Advisors LLC raised its holdings in Keel Infrastructure by 38.5% during the third quarter. HighTower Advisors LLC now owns 38,876 shares of the company’s stock worth $137,000 after purchasing an additional 10,806 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Keel Infrastructure during the 3rd quarter worth approximately $61,000. 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.