Keel Infrastructure (NASDAQ:KEEL) Price Target Cut to $4.00 by Analysts at Cantor Fitzgerald

Keel Infrastructure (NASDAQ:KEEL) had its price objective lowered by stock analysts at Cantor Fitzgerald from $5.00 to $4.00 in a report released on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 55.64% from the company’s previous close.

Several other brokerages have also recently weighed in on KEEL. Citizens Jmp initiated 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 for the company. 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 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.42.

Keel Infrastructure Price Performance

NASDAQ:KEEL opened at $2.57 on Friday. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. Keel Infrastructure has a fifty-two week low of $1.68 and a fifty-two week high of $7.37. The company’s 50 day moving average is $3.43.

Keel Infrastructure (NASDAQ:KEEL) last issued its earnings results on Monday, August 10th. The company reported ($0.11) 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 during the quarter. During the same quarter last year, the firm posted ($0.05) earnings per share. As a group, research analysts forecast that Keel Infrastructure will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Benjamin Gagnon bought 38,888 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $3.33 per share, with a total value of $129,497.04. Following the transaction, the chief executive officer owned 1,386,624 shares in the company, valued at approximately $4,617,457.92. This trade represents a 2.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Liam Wilson purchased 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price 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 of the company’s stock, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 128,545 shares of company stock valued at $425,593 in the last ninety days. 9.50% of the stock is currently owned by insiders.

Institutional Trading of Keel Infrastructure

Hedge funds have recently modified their holdings of the business. Situational Awareness LP purchased a new stake in shares of Keel Infrastructure in the 2nd quarter worth about $151,831,000. State Street Corp purchased a new stake in Keel Infrastructure in the second quarter worth about $78,100,000. Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure during the second quarter valued at approximately $9,989,000. Tidal Investments LLC purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $3,213,000. Finally, FirstWave Capital Management LLC purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $1,478,000. Institutional investors own 20.59% of the company’s stock.

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.