Keel Infrastructure (NASDAQ:KEEL) Stock Has Average Target Price of $6.25 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Keel Infrastructure, with seven buy ratings and one sell rating. The average 12-month price target is $6.25, with individual targets ranging from $5.50 to $10.00.
• KEEL opened at $3.44 and has declined 2.5%, while reporting a quarterly loss of $0.11 per share on $30.43 million in revenue. Analysts expect a full-year loss of approximately $0.42 per share.
• Insiders and institutional investors have been buying shares: insiders purchased 128,545 shares worth $425,593 over the past 90 days, while institutional ownership stands at 20.59%.

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 company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.25.

KEEL has been the topic of a number of recent analyst reports. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Citizens Jmp initiated coverage on shares of Keel Infrastructure in a report on Wednesday, June 24th. They set an "outperform" rating and a $10.00 price objective on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Monday, July 13th. Chardan Capital restated a "buy" rating and set a $5.50 price target on shares of Keel Infrastructure in a research report on Monday, June 8th. Finally, BTIG Research started coverage on Keel Infrastructure in a report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price objective on the stock.

Keel Infrastructure Stock Down 2.5%

NASDAQ:KEEL opened at $3.44 on Friday. 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 has a 52 week low of $1.68 and a 52 week high of $7.37. The company's 50-day simple moving average is $3.60. The firm has a market cap of $2.12 billion, a PE ratio of -11.47 and a beta of 4.00.

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

Insider Activity at Keel Infrastructure

In other news, COO Liam Wilson purchased 30,769 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost 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 of the company's stock, valued at $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Benjamin Gagnon purchased 58,888 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $3.33 per share, with a total value of $196,097.04. Following the completion of the transaction, the chief executive officer directly owned 1,347,736 shares of the company's stock, valued at $4,487,960.88. This represents a 4.57% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 128,545 shares of company stock worth $425,593. Company insiders own 9.50% of the company's stock.

Institutional Investors Weigh In On Keel Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Situational Awareness LP acquired a new stake in shares of Keel Infrastructure in the second quarter valued at about $151,831,000. State Street Corp acquired a new position in Keel Infrastructure during the second quarter worth about $78,100,000. Bank of New York Mellon Corp acquired a new position in Keel Infrastructure during the second quarter worth about $9,989,000. Tidal Investments LLC purchased a new stake in Keel Infrastructure during the 2nd quarter valued at about $3,213,000. Finally, FirstWave Capital Management LLC purchased a new stake in Keel Infrastructure during the 2nd quarter valued at about $1,478,000. Institutional investors and hedge funds 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.

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