Keel Infrastructure (NASDAQ:KEEL) Stock: Insider Amy Freedman Acquires 15,000 Shares

Keel Infrastructure (NASDAQ:KEEL) Director Amy Freedman acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The shares were purchased at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the acquisition, the director owned 109,568 shares in the company, valued at $212,561.92. This represents a 15.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 10th, Amy Freedman bought 25,000 shares of Keel Infrastructure stock. The stock was purchased at an average price of $1.88 per share, with a total value of $47,000.00.

Keel Infrastructure Price Performance

KEEL traded down $0.09 during midday trading on Friday, hitting $1.86. The stock had a trading volume of 18,527,176 shares, compared to its average volume of 28,723,802. The company has a market cap of $1.15 billion, a P/E ratio of -4.89 and a beta of 4.10. The business has a fifty day moving average of $2.91 and a 200 day moving average of $3.80. The company has a debt-to-equity ratio of 3.74, a quick ratio of 12.00 and a current ratio of 12.13. Keel Infrastructure has a 1 year low of $1.60 and a 1 year high of $7.37.

Keel Infrastructure (NASDAQ:KEEL) last issued 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 business had revenue of $27.60 million for the quarter. Keel Infrastructure had a negative net margin of 309.79% and a negative return on equity of 102.27%. During the same quarter in the prior year, the firm earned ($0.02) EPS. As a group, equities analysts forecast that Keel Infrastructure will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Keel Infrastructure

A number of large investors have recently bought and sold shares of KEEL. Marshall Wace LLP bought a new stake in Keel Infrastructure in the third quarter valued at approximately $2,768,000. State Street Corp boosted its stake in shares of Keel Infrastructure by 21.5% during the third quarter. State Street Corp now owns 16,538,198 shares of the company’s stock valued at $58,380,000 after purchasing an additional 2,931,993 shares during the period. Creek Drive Management Group LLC bought a new position in shares of Keel Infrastructure in the third quarter worth approximately $789,000. Cibc World Market Inc. grew its holdings in shares of Keel Infrastructure by 1,813.4% in 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 last quarter. Finally, Banco Santander S.A. grew its holdings in shares of Keel Infrastructure by 2,449.6% in 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 last quarter. 20.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KEEL shares. Cantor Fitzgerald reduced their target price on shares of Keel Infrastructure from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. HC Wainwright decreased their target price on shares of Keel Infrastructure from $4.00 to $3.25 and set a “buy” rating on the stock in a research report on Thursday, November 5th. The Goldman Sachs Group initiated coverage on shares of Keel Infrastructure in a research note on Friday, November 6th. They issued a “neutral” rating and a $2.00 price target for the company. B. Riley Financial lowered their price target on shares of Keel Infrastructure from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Friday, October 9th. Eight 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 company has an average rating of “Moderate Buy” and a consensus target price of $5.41.

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.