Keel Infrastructure (NASDAQ:KEEL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Keel Infrastructure a “Moderate Buy” consensus: Seven of eight analysts rate the stock a buy, while one recommends selling. The average 12-month price target is $6.25, above the reported share price of $3.47.
• Company insiders have been buying shares: The CEO and COO purchased a combined 69,657 shares in August, while insiders bought 128,545 shares worth $425,593 over the past quarter.
• Financial results remain weak: Keel reported a quarterly loss of $0.11 per share on $30.43 million in revenue, alongside a negative 230.59% net margin and analysts’ projected full-year loss of $0.43 per share.

Shares of Keel Infrastructure (NASDAQ:KEEL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $6.25.

Several research analysts have recently issued reports on the stock. Lake Street Capital set a $5.50 target price on shares of Keel Infrastructure in a report on Monday, May 11th. Alliance Global Partners reiterated a "buy" rating on shares of Keel Infrastructure in a report on Monday, May 11th. 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 target for the company. BTIG Research started coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price target on the stock. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Keel Infrastructure in a research report on Monday, July 13th.

Insider Transactions at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon acquired 38,888 shares of the company's stock in a transaction on Friday, August 21st. The stock was 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 in the company, valued at $4,617,457.92. This represents a 2.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Liam Wilson acquired 30,769 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $3.25 per share, for a total transaction of $99,999.25. Following the completion of the transaction, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. The trade was a 43.82% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 128,545 shares of company stock valued at $425,593. 9.50% of the stock is currently owned by company insiders.

Institutional Trading of Keel Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi bought a new stake in Keel Infrastructure in the second quarter valued at $214,000. HighTower Advisors LLC bought a new position in Keel Infrastructure in the 2nd quarter worth $161,000. California State Teachers Retirement System purchased a new stake in shares of Keel Infrastructure in the 2nd quarter worth about $268,000. Nilsine Partners LLC purchased a new stake in shares of Keel Infrastructure in the 2nd quarter worth about $110,000. Finally, Compass Financial Management LLC bought a new stake in shares of Keel Infrastructure during the 2nd quarter valued at about $348,000. Hedge funds and other institutional investors own 20.59% of the company's stock.

Keel Infrastructure Price Performance

Shares of KEEL stock opened at $3.47 on Monday. The stock has a market cap of $2.14 billion, a PE ratio of -11.57 and a beta of 4.06. Keel Infrastructure has a 1-year low of $1.23 and a 1-year high of $7.37. The firm's 50-day moving average is $3.98. The company has a debt-to-equity ratio of 3.11, a current ratio of 16.26 and a quick ratio of 16.10.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last announced its quarterly 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 company had revenue of $30.43 million during the quarter. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current year.

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.

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