Key Points
- Director Edith Hofmeister bought 15,000 shares at an average $1.89 each, spending $28,350 and increasing her direct stake by 6.25% to 255,001 shares.
- Keel Infrastructure reported a quarterly loss of $0.10 per share, missing the $0.07 loss analysts expected; revenue was $27.6 million.
- Analysts’ consensus rating is Moderate Buy, with a $5.41 average price target, although several firms recently lowered their targets.
Keel Infrastructure (NASDAQ:KEEL - Get Free Report) Director Edith Hofmeister acquired 15,000 shares of the firm's stock in a transaction on Monday, November 9th. The stock was bought at an average price of $1.89 per share, with a total value of $28,350.00. Following the purchase, the director directly owned 255,001 shares of the company's stock, valued at $481,951.89. This represents a 6.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Keel Infrastructure Stock Performance
Shares of KEEL stock opened at $1.91 on Wednesday. The stock's 50-day moving average is $2.98 and its two-hundred day moving average is $3.84. Keel Infrastructure has a 1 year low of $1.60 and a 1 year high of $7.37. 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 (NASDAQ:KEEL - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported ($0.10) EPS 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 firm had revenue of $27.60 million for the quarter. During the same quarter in the prior year, the business earned ($0.02) EPS. As a group, sell-side analysts forecast 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 KEEL. Creek Drive Management Group LLC acquired a new position in shares of Keel Infrastructure in the third quarter valued at approximately $789,000. Cibc World Market Inc. lifted its holdings in shares of Keel Infrastructure by 1,813.4% during the third quarter. Cibc World Market Inc. now owns 207,624 shares of the company's stock worth $733,000 after purchasing an additional 196,773 shares during the period. Banco Santander S.A. lifted its holdings in shares of Keel Infrastructure by 2,449.6% during the third quarter. Banco Santander S.A. now owns 1,092,865 shares of the company's stock worth $3,858,000 after purchasing an additional 1,050,000 shares during the period. HighTower Advisors LLC grew its position in Keel Infrastructure by 38.5% in the 3rd 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. Finally, Intech Investment Management LLC purchased a new position in Keel Infrastructure in the 3rd quarter valued at $61,000. 20.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
KEEL has been the subject of a number of research reports. B. Riley Financial reduced their price objective on Keel Infrastructure from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, October 30th. BTIG Research started coverage on shares of Keel Infrastructure in a report on Wednesday, July 22nd. They issued a "buy" rating and a $8.00 target price on the stock. Cantor Fitzgerald reduced their price target 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. Citigroup reiterated a "buy" rating on shares of Keel Infrastructure in a research note on Monday, August 10th. Finally, HC Wainwright reduced their target price on shares of Keel Infrastructure from $4.00 to $3.25 and set a "buy" rating for the company in a report on Thursday, November 5th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Keel Infrastructure currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.41.
Read Our Latest Stock Analysis on Keel Infrastructure
About Keel Infrastructure
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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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