Keel Infrastructure (NASDAQ:KEEL) Stock: Insider Edith Hofmeister Purchases 15,000 Shares

Keel Infrastructure (NASDAQ:KEEL) Director Edith Hofmeister acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average price of $1.89 per share, for a total transaction of $28,350.00. Following the completion of the transaction, the director directly owned 255,001 shares in the company, valued at approximately $481,951.89. This represents a 6.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Keel Infrastructure Price Performance

NASDAQ:KEEL traded down $0.05 during mid-day trading on Tuesday, hitting $1.91. 21,335,968 shares of the company’s stock traded hands, compared to its average volume of 37,269,992. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26. The firm’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.85. Keel Infrastructure has a 1 year low of $1.60 and a 1 year high of $7.37. The company has a market cap of $1.18 billion, a PE ratio of -6.37 and a beta of 4.10.

Keel Infrastructure (NASDAQ:KEEL) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $27.60 million during the quarter. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Sell-side analysts expect that Keel Infrastructure will post -0.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KEEL shares. B. Riley Financial cut their price target on Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, October 30th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Cantor Fitzgerald cut their target price on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. Finally, HC Wainwright decreased their price target on shares of Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.41.

Institutional Investors Weigh In On Keel Infrastructure

Several hedge funds have recently made changes to their positions in KEEL. Situational Awareness LP purchased a new stake in shares of Keel Infrastructure in the second quarter valued at $151,831,000. State Street Corp purchased a new position in Keel Infrastructure during the second quarter worth about $78,100,000. Bank of New York Mellon Corp acquired a new stake in Keel Infrastructure in the 2nd quarter worth about $9,989,000. Banco Santander S.A. boosted its stake in Keel Infrastructure by 2,449.6% in the 3rd quarter. Banco Santander S.A. now owns 1,092,865 shares of the company’s stock worth $3,858,000 after buying an additional 1,050,000 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in Keel Infrastructure in the 2nd quarter worth about $3,213,000. Institutional investors and hedge funds 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.