Keel Infrastructure (NASDAQ:KEEL) Director Acquires $47,000.00 in Stock

Key Points

• Director Amy Freedman bought 25,000 shares for $47,000 at an average price of $1.88, increasing her stake by 35.94%; she also purchased another 15,000 shares for $29,100 two days later.
• Keel Infrastructure reported a quarterly loss of $0.10 per share, missing analyst expectations of a $0.07 loss; revenue was $27.6 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $5.41, although the stock recently traded at $1.85.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) Director Amy Freedman bought 25,000 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average cost of $1.88 per share, with a total value of $47,000.00. Following the completion of the acquisition, the director owned 94,568 shares of the company's stock, valued at $177,787.84. This represents a 35.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Amy Freedman also recently made the following trade(s):

• On Thursday, November 12th, Amy Freedman purchased 15,000 shares of Keel Infrastructure stock. The stock was acquired at an average price of $1.94 per share, for a total transaction of $29,100.00.

Keel Infrastructure Price Performance

Keel Infrastructure stock traded down $0.10 during mid-day trading on Friday, reaching $1.85. 17,962,551 shares of the company's stock traded hands, compared to its average volume of 37,033,656. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -4.87 and a beta of 4.10. The stock has a 50 day moving average of $2.94 and a two-hundred day moving average of $3.82. The company has a quick ratio of 12.00, a current ratio of 12.13 and a debt-to-equity ratio of 3.74. Keel Infrastructure has a 12-month low of $1.60 and a 12-month high of $7.37.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. The business had revenue of $27.60 million for the quarter. During the same period in the prior year, the business earned ($0.02) EPS. Equities analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

KEEL has been the subject of a number of analyst reports. Citigroup reaffirmed a "buy" rating on shares of Keel Infrastructure in a report on Monday, August 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of Keel Infrastructure in a research note on Friday, October 9th. The Goldman Sachs Group assumed coverage on Keel Infrastructure in a research note on Friday, November 6th. They set a "neutral" rating and a $2.00 price objective on the stock. B. Riley Financial decreased their price objective on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Finally, Cantor Fitzgerald lowered their price objective on Keel Infrastructure from $5.00 to $4.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Keel Infrastructure presently has an average rating of "Moderate Buy" and a consensus price target of $5.41.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Markowski Investments purchased a new stake in Keel Infrastructure in the 2nd quarter worth about $29,000. TD Waterhouse Canada Inc. purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $28,000. NewEdge Advisors LLC purchased a new position in shares of Keel Infrastructure during the second quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its stake in shares of Keel Infrastructure by 268.0% during the third 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, HighTower Advisors LLC grew its stake in shares of Keel Infrastructure by 38.5% during the third quarter. HighTower Advisors LLC now owns 38,876 shares of the company's stock valued at $137,000 after buying an additional 10,806 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.