Keel Infrastructure (NASDAQ:KEEL) Stock Gets Price Target Reduction from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut its price target for Keel Infrastructure from $5.00 to $4.00 while maintaining an “overweight” rating, implying 55.64% potential upside from the stock’s $2.57 price.
• Analyst sentiment remains broadly positive, with seven Buy ratings and one Sell rating; the consensus rating is “Moderate Buy” and the average price target is $6.42.
• Keel reported a quarterly loss of $0.11 per share on $30.43 million in revenue, alongside a negative 230.59% net margin. Insiders have recently purchased 128,545 shares worth about $425,593.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) had its target price decreased by research analysts at Cantor Fitzgerald from $5.00 to $4.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 55.64% from the stock's current price.

KEEL has been the subject of several other reports. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. 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 for the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a report on Friday, October 9th. Finally, Citizens Jmp started coverage on shares of Keel Infrastructure in a research report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Keel Infrastructure has an average rating of "Moderate Buy" and a consensus price target of $6.42.

Keel Infrastructure Stock Up 0.8%

NASDAQ:KEEL opened at $2.57 on Friday. 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 has a 50-day simple moving average of $3.43. Keel Infrastructure has a twelve month low of $1.68 and a twelve month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.11) EPS for the quarter. The business had revenue of $30.43 million for the quarter. Keel Infrastructure had a negative return on equity of 66.18% and a negative net margin of 230.59%. During the same period last year, the firm earned ($0.05) earnings per share. On average, analysts expect that Keel Infrastructure will post -0.42 EPS for the current year.

Insider Activity

In other news, CEO Benjamin Gagnon acquired 38,888 shares of Keel Infrastructure stock in a transaction dated Friday, August 21st. The shares were purchased at an average cost of $3.33 per share, for a total transaction of $129,497.04. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Liam Wilson acquired 30,769 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the acquisition, the chief operating officer owned 100,978 shares in the company, valued at $328,178.50. This represents a 43.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 128,545 shares of company stock valued at $425,593. Corporate insiders own 9.50% of the company's stock.

Institutional Trading of Keel Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of KEEL. TD Waterhouse Canada Inc. bought a new position in Keel Infrastructure during the second quarter valued at approximately $28,000. Markowski Investments bought a new stake in shares of Keel Infrastructure in the 2nd quarter worth approximately $29,000. NewEdge Advisors LLC bought a new stake in shares of Keel Infrastructure in the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 9,675 shares in the last quarter. Finally, GFG Capital LLC purchased a new stake in shares of Keel Infrastructure in the 2nd quarter valued at $82,000. Hedge funds and other institutional investors own 20.59% of the company's stock.

Keel Infrastructure Company Profile

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