Insider Buying: Keel Infrastructure (NASDAQ:KEEL) CEO Acquires $129,497.04 in Stock

Key Points

• CEO insider buying: Benjamin Gagnon purchased 38,888 Keel Infrastructure shares at $3.33 each, investing $129,497 and increasing his ownership by 2.89%. He also bought 58,888 shares the prior week.
• Weak financial performance: Keel reported a quarterly loss of $0.11 per share on $30.43 million in revenue, alongside a -66.18% return on equity and -230.59% net margin. Analysts expect a full-year loss of $0.43 per share.
• Stock and analyst outlook: Shares fell 1.5% to $3.32, while analysts maintain a “Moderate Buy” consensus with an average price target of $6.25. Institutional ownership stands at 20.59%.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) CEO Benjamin Gagnon purchased 38,888 shares of the stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $3.33 per share, with a total value of $129,497.04. Following the transaction, the chief executive officer owned 1,386,624 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Benjamin Gagnon also recently made the following trade(s):

• On Thursday, August 13th, Benjamin Gagnon bought 58,888 shares of Keel Infrastructure stock. The stock was purchased at an average price of $3.33 per share, for a total transaction of $196,097.04.

Keel Infrastructure Trading Down 1.5%

Shares of KEEL traded down $0.05 during midday trading on Friday, reaching $3.32. The stock had a trading volume of 46,968,331 shares, compared to its average volume of 39,536,633. The company has a quick ratio of 16.10, a current ratio of 16.26 and a debt-to-equity ratio of 3.11. The firm has a market capitalization of $2.05 billion, a P/E ratio of -11.07 and a beta of 4.14. The business has a 50-day moving average price of $4.60. Keel Infrastructure has a 12-month low of $1.21 and a 12-month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) earnings per share 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 during the quarter. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Research analysts forecast that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Keel Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of Keel Infrastructure during the second quarter valued at approximately $348,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Keel Infrastructure during the 2nd quarter valued at about $817,000. Van ECK Associates Corp bought a new position in Keel Infrastructure in the second quarter worth about $1,217,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Keel Infrastructure during the second quarter worth about $1,333,000. Finally, Round Rock Advisors LLC bought a new position in Keel Infrastructure in the 2nd quarter worth about $1,425,000. 20.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KEEL. Lake Street Capital set a $5.50 price objective on Keel Infrastructure in a research note on Monday, May 11th. Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They issued an "outperform" rating and a $10.00 price objective for the company. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. Alliance Global Partners reiterated a "buy" rating on shares of Keel Infrastructure in a research note on Monday, May 11th. Finally, Chardan Capital reiterated a "buy" rating and set a $5.50 target price on shares of Keel Infrastructure in a report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Keel Infrastructure has an average rating of "Moderate Buy" and an average target price of $6.25.

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.

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