Keel Infrastructure (NASDAQ:KEEL) Shares Gap Up - Time to Buy?

Key Points

• Keel Infrastructure shares opened 6.5% higher, rising from $3.40 to $3.62 before trading around $3.49 on heavy volume.
• Analyst sentiment is generally positive, with seven Buy ratings and one Sell rating; the average price target is $6.25, well above the current share price.
• The company remains unprofitable, reporting a quarterly loss of $0.11 per share and a negative net margin of 230.59%, although insiders purchased 128,545 shares worth about $425,593 over the past 90 days.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.40, but opened at $3.62. Keel Infrastructure shares last traded at $3.4850, with a volume of 7,157,178 shares changing hands.

Wall Street Analysts Forecast Growth

KEEL has been the topic of several research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Keel Infrastructure in a report on Monday, July 13th. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research report on Monday, August 10th. Chardan Capital reissued a "buy" rating and issued a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, June 8th. BTIG Research assumed coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 price target on the stock. Finally, Citizens Jmp initiated coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They issued an "outperform" rating and a $10.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $6.25.

Keel Infrastructure Stock Up 7.5%

The business has a fifty day moving average price of $3.74. 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 cap of $2.26 billion, a PE ratio of -12.12 and a beta of 4.06.

Keel Infrastructure (NASDAQ:KEEL - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.11) earnings per share (EPS) for the quarter. Keel Infrastructure had a negative net margin of 230.59% and a negative return on equity of 66.18%. The business had revenue of $30.43 million during the quarter. During the same period last year, the firm posted ($0.05) earnings per share. As a group, equities analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Liam Wilson bought 30,769 shares of Keel Infrastructure stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $3.25 per share, with a total value of $99,999.25. Following the purchase, the chief operating officer owned 100,978 shares in the company, valued at approximately $328,178.50. This trade represents a 43.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Benjamin Gagnon bought 58,888 shares of the stock in a transaction 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 acquisition, the chief executive officer owned 1,347,736 shares in the company, valued at approximately $4,487,960.88. This represents a 4.57% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 128,545 shares of company stock valued at $425,593. Company insiders own 9.50% of the company's stock.

Hedge Funds Weigh In On Keel Infrastructure

A number of large investors have recently bought and sold shares of KEEL. Situational Awareness LP bought a new stake in Keel Infrastructure during the second quarter worth $151,831,000. Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $9,989,000. Tidal Investments LLC bought a new position in shares of Keel Infrastructure in the 2nd quarter valued at about $3,213,000. Public Employees Retirement System of Ohio acquired a new position in shares of Keel Infrastructure during the 2nd quarter worth about $817,000. Finally, Round Rock Advisors LLC acquired a new position in shares of Keel Infrastructure during the 2nd quarter worth about $1,425,000. Institutional investors and hedge funds own 20.59% of the company's stock.

Keel Infrastructure Company Profile

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