Keel Infrastructure (NASDAQ:KEEL) Stock Gets Price Target Trim from B. Riley Financial

Keel Infrastructure (NASDAQ:KEEL) had its price objective cut by B. Riley Financial from $6.00 to $5.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on KEEL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. Cantor Fitzgerald decreased their price objective on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. BTIG Research assumed coverage on Keel Infrastructure in a research report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 target price on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.21.

Keel Infrastructure Stock Performance

NASDAQ:KEEL opened at $2.06 on Friday. The company has a 50-day moving average of $3.17 and a 200-day moving average of $3.94. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -6.87 and a beta of 4.10. The company has a current ratio of 16.26, a quick ratio of 16.10 and a debt-to-equity ratio of 3.11. Keel Infrastructure has a twelve month low of $1.68 and a twelve month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.11) earnings per share for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. The business had revenue of $30.43 million for the quarter. During the same period in the prior year, the company posted ($0.05) EPS. Analysts forecast that Keel Infrastructure will post -0.41 earnings per share for the current fiscal year.

Insider Transactions at Keel Infrastructure

In related news, COO Liam Wilson bought 30,769 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares of the company’s stock, valued at $328,178.50. This trade represents a 43.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Benjamin Gagnon purchased 38,888 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average price of $3.33 per share, with a total value of $129,497.04. Following the purchase, the chief executive officer owned 1,386,624 shares of the company’s stock, valued at approximately $4,617,457.92. The trade was a 2.89% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 128,545 shares of company stock valued at $425,593. Insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

Several large investors have recently made changes to their positions in the business. Markowski Investments bought a new stake in Keel Infrastructure during the 2nd quarter worth approximately $29,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Keel Infrastructure in the second quarter valued at about $28,000. NewEdge Advisors LLC acquired a new stake in shares of Keel Infrastructure during the second quarter worth about $31,000. Farther Finance Advisors LLC grew its holdings in Keel Infrastructure by 268.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,285 shares of the company’s stock worth $47,000 after acquiring an additional 9,675 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Keel Infrastructure by 22.0% during the third quarter. Apollon Wealth Management LLC now owns 60,276 shares of the company’s stock worth $213,000 after purchasing an additional 10,882 shares in the last quarter. 20.59% of the stock is owned by hedge funds and other institutional investors.

About Keel Infrastructure

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.