Mobile Infrastructure (NASDAQ:BEEP) Coverage Initiated by Analysts at Piper Sandler

Stock analysts at Piper Sandler started coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued on Thursday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $5.00 price target on the stock. Piper Sandler’s price target points to a potential upside of 27.88% from the stock’s previous close.

Separately, B. Riley started coverage on Mobile Infrastructure in a research note on Thursday. They issued a “buy” rating and a $5.00 price objective for the company.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP opened at $3.91 on Thursday. The firm’s 50-day moving average price is $3.76 and its 200-day moving average price is $3.35. The company has a market cap of $163.83 million, a PE ratio of -4.34 and a beta of 0.59. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. Mobile Infrastructure has a 52-week low of $2.48 and a 52-week high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $9.76 million for the quarter. Mobile Infrastructure had a negative net margin of 24.59% and a negative return on equity of 4.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after purchasing an additional 11,245 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Mobile Infrastructure by 84.2% in the 3rd quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock worth $159,000 after buying an additional 22,097 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of Mobile Infrastructure by 5.5% in the 3rd quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock worth $187,000 after buying an additional 2,985 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Mobile Infrastructure by 6.7% in the 2nd quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock valued at $319,000 after acquiring an additional 5,869 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Mobile Infrastructure by 216.0% in the third quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock worth $564,000 after acquiring an additional 117,607 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.