Brokerages Set Keel Infrastructure (NASDAQ:KEEL) Price Target at $6.25

Shares of Keel Infrastructure (NASDAQ:KEEL) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $6.25.

KEEL has been the topic of several recent analyst reports. Chardan Capital reiterated a “buy” rating and set a $5.50 price objective on shares of Keel Infrastructure in a research report on Monday, June 8th. Alliance Global Partners restated a “buy” rating on shares of Keel Infrastructure in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Citizens Jmp started coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a report on Monday, May 11th.

Keel Infrastructure Trading Up 7.4%

NASDAQ:KEEL opened at $3.77 on Thursday. The stock’s 50-day simple moving average is $4.72. The stock has a market capitalization of $2.33 billion, a PE ratio of -26.93 and a beta of 4.14. Keel Infrastructure has a 12-month low of $1.18 and a 12-month high of $7.37. 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 (NASDAQ:KEEL) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.11) 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 during the quarter. During the same quarter in the previous year, the company posted ($0.05) earnings per share. On average, research analysts predict that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Insider Activity at Keel Infrastructure

In other Keel Infrastructure news, CEO Benjamin Gagnon acquired 58,888 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $3.33 per share, with a total value of $196,097.04. Following the purchase, the chief executive officer directly owned 1,347,736 shares of the company’s stock, valued at approximately $4,487,960.88. This represents a 4.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.50% of the company’s stock.

Institutional Investors Weigh In On Keel Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEEL. Bank of New York Mellon Corp bought a new position in shares of Keel Infrastructure during the 2nd quarter valued at approximately $9,989,000. Public Employees Retirement System of Ohio bought a new position in Keel Infrastructure during the second quarter valued at $817,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Keel Infrastructure in the second quarter valued at $348,000. 20.59% of the stock is currently owned by hedge funds and other institutional investors.

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.