B. Riley Financial Issues Pessimistic Forecast for Keel Infrastructure (NASDAQ:KEEL) Stock Price

Key Points

• B. Riley Financial cut Keel Infrastructure’s price target from $6.00 to $5.00 while maintaining a “buy” rating, implying 136.41% upside from the previous close. Analysts’ consensus remains “Moderate Buy,” with an average target of $6.21.
• KEEL shares opened at $2.12 after an 8.4% decline, well below their 52-week high of $7.37. The company reported a quarterly loss of $0.11 per share, negative net margins of 230.59%, and analysts expect a full-year loss of $0.41 per share.
• Company insiders bought 128,545 shares worth approximately $425,593 over the past three months, including purchases by the CEO and COO. Insiders own 9.50% of the company, while institutional investors and hedge funds own 20.59%.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) had its price objective dropped by stock analysts at B. Riley Financial from $6.00 to $5.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley Financial's target price suggests a potential upside of 136.41% from the company's previous close.

KEEL has been the topic of several other reports. Cantor Fitzgerald cut 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 began coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price target on the stock. Citigroup reaffirmed a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $6.21.

Keel Infrastructure Stock Down 8.4%

Shares of KEEL opened at $2.12 on Friday. The firm has a 50 day simple moving average of $3.20. Keel Infrastructure has a 52-week low of $1.68 and a 52-week high of $7.37. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -7.08 and a beta of 4.00. The company has a debt-to-equity ratio of 3.11, a quick ratio of 16.10 and a current ratio of 16.26.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) 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 net margin of 230.59% and a negative return on equity of 66.18%. The firm had revenue of $30.43 million during the quarter. During the same period in the prior year, the company posted ($0.05) earnings per share. On average, equities analysts expect that Keel Infrastructure will post -0.41 earnings per share for the current fiscal year.

Insider Activity

In other Keel Infrastructure news, CEO Benjamin Gagnon purchased 38,888 shares of the business's stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $3.33 per share, for a total transaction of $129,497.04. Following the acquisition, the chief executive officer owned 1,386,624 shares of the company's stock, valued at $4,617,457.92. This trade represents a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing 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, with a total value of $99,999.25. Following the transaction, the chief operating officer directly owned 100,978 shares of the company's stock, valued at approximately $328,178.50. The trade was a 43.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 128,545 shares of company stock valued at $425,593. Company insiders own 9.50% of the company's stock.

Hedge Funds 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 in the 2nd quarter valued at $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Keel Infrastructure in the second quarter valued at $28,000. NewEdge Advisors LLC bought a new position in shares of Keel Infrastructure in the second quarter worth about $31,000. Farther Finance Advisors LLC boosted its position in 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 buying an additional 9,675 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its position in Keel Infrastructure by 22.0% in 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 during the period. Institutional investors and hedge funds own 20.59% of the company's stock.

Keel Infrastructure Company Profile

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