Keel Infrastructure (NASDAQ:KEEL) Shares Climb 9.2% After Insider Buying Activity

Keel Infrastructure (NASDAQ:KEEL) was up 9.2% on Wednesday after an insider bought additional shares in the company. The stock traded as high as $2.08 and last traded at $2.0850. Approximately 2,514,711 shares changed hands during trading, a decline of 93% from the average session volume of 37,111,789 shares. The stock had previously closed at $1.91.

Specifically, Director Edith Hofmeister acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average cost of $1.89 per share, for a total transaction of $28,350.00. Following the purchase, the director owned 255,001 shares in the company, valued at $481,951.89. This trade represents a 6.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

KEEL has been the subject of several analyst reports. BTIG Research initiated coverage on Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a report on Friday, October 9th. HC Wainwright decreased their price target on Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating on the stock in a research report on Thursday, November 5th. B. Riley Financial lowered their price target on shares of Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Finally, Cantor Fitzgerald cut their price objective on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Keel Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $5.41.

Keel Infrastructure Stock Up 9.7%

The company has a market cap of $1.29 billion, a P/E ratio of -6.95 and a beta of 4.10. The company has a 50 day moving average of $2.98 and a 200-day moving average of $3.84. The company has a debt-to-equity ratio of 3.74, a current ratio of 12.13 and a quick ratio of 12.00.

Keel Infrastructure (NASDAQ:KEEL) last announced its earnings results on Thursday, November 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. The business had revenue of $27.60 million during the quarter. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, equities analysts predict that Keel Infrastructure will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Creek Drive Management Group LLC purchased a new stake in Keel Infrastructure in the third quarter valued at approximately $789,000. Cibc World Market Inc. lifted its position in Keel Infrastructure by 1,813.4% during the third quarter. Cibc World Market Inc. now owns 207,624 shares of the company’s stock valued at $733,000 after purchasing an additional 196,773 shares during the last quarter. Banco Santander S.A. grew its stake in Keel Infrastructure by 2,449.6% in the 3rd quarter. Banco Santander S.A. now owns 1,092,865 shares of the company’s stock worth $3,858,000 after buying an additional 1,050,000 shares in the last quarter. HighTower Advisors LLC grew its stake in Keel Infrastructure by 38.5% in the 3rd quarter. HighTower Advisors LLC now owns 38,876 shares of the company’s stock worth $137,000 after buying an additional 10,806 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Keel Infrastructure in the 3rd quarter worth $61,000. Hedge funds and other institutional investors own 20.59% of the company’s stock.

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.