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

Keel Infrastructure (NASDAQ:KEEL) Director Amy Freedman acquired 25,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was acquired at an average cost of $1.88 per share, for a total transaction of $47,000.00. Following the transaction, the director directly owned 94,568 shares in the company, valued at $177,787.84. The trade was a 35.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, November 12th, Amy Freedman bought 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 Trading Down 5.1%

Shares of NASDAQ:KEEL traded down $0.10 on Friday, hitting $1.85. 17,962,551 shares of the company’s stock were exchanged, compared to its average volume of 37,033,656. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.87 and a beta of 4.10. Keel Infrastructure has a 12 month low of $1.60 and a 12 month high of $7.37. The company has a debt-to-equity ratio of 3.74, a current ratio of 12.13 and a quick ratio of 12.00. The business’s 50 day simple moving average is $2.94 and its two-hundred day simple moving average is $3.82.

Keel Infrastructure (NASDAQ:KEEL) last posted its quarterly 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). The company had revenue of $27.60 million during the quarter. Keel Infrastructure had a negative return on equity of 102.27% and a negative net margin of 309.79%. During the same quarter in the previous year, the firm posted ($0.02) EPS. Analysts anticipate that Keel Infrastructure will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KEEL shares. BTIG Research initiated coverage on shares of Keel Infrastructure in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Cantor Fitzgerald decreased 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 note on Friday, October 16th. Citigroup reiterated a “buy” rating on shares of Keel Infrastructure in a report on Monday, August 10th. Finally, HC Wainwright dropped their price objective on Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.41.

Hedge Funds Weigh In On Keel Infrastructure

Several institutional investors have recently made changes to their positions in KEEL. Situational Awareness LP bought a new stake in shares of Keel Infrastructure in the second quarter valued at about $151,831,000. State Street Corp lifted its stake in Keel Infrastructure by 21.5% in the third quarter. State Street Corp now owns 16,538,198 shares of the company’s stock worth $58,380,000 after acquiring an additional 2,931,993 shares during the period. Bank of New York Mellon Corp bought a new position in Keel Infrastructure during the 2nd quarter worth about $9,989,000. Banco Santander S.A. grew its holdings in Keel Infrastructure by 2,449.6% during the 3rd quarter. Banco Santander S.A. now owns 1,092,865 shares of the company’s stock worth $3,858,000 after acquiring an additional 1,050,000 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Keel Infrastructure during the 2nd quarter worth about $3,213,000. Hedge funds and other 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.