Mobile Infrastructure (NASDAQ:BEEP) Coverage Initiated at Barrington Research

Investment analysts at Barrington Research assumed coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a report released on Monday, MarketBeat reports. The firm set an “outperform” rating and a $6.50 price target on the stock. Barrington Research’s price target suggests a potential upside of 61.69% from the stock’s current price.

A number of other brokerages have also issued reports on BEEP. Piper Sandler began coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They set an “overweight” rating and a $5.00 target price for the company. Maxim Group began coverage on shares of Mobile Infrastructure in a report on Friday, February 21st. They set a “buy” rating and a $7.00 price objective for the company. Finally, B. Riley assumed coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They issued a “buy” rating and a $5.00 target price on the stock.

Mobile Infrastructure Stock Up 4.7%

Shares of NASDAQ:BEEP opened at $4.02 on Monday. Mobile Infrastructure has a 1 year low of $2.48 and a 1 year high of $4.86. The business has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $3.84. The firm has a market capitalization of $170.45 million, a PE ratio of -4.47 and a beta of 0.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. During the same period in the prior year, the business earned ($0.34) EPS. On average, equities analysts predict that Mobile Infrastructure will post -0.3 EPS for the current year.

Institutional Trading of Mobile Infrastructure

Hedge funds have recently bought and sold shares of the stock. No Street GP LP raised its holdings in Mobile Infrastructure by 49.1% in the fourth quarter. No Street GP LP now owns 24,296,528 shares of the company’s stock worth $109,334,000 after purchasing an additional 7,997,842 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mobile Infrastructure by 32.5% in the fourth quarter. Geode Capital Management LLC now owns 375,584 shares of the company’s stock worth $1,691,000 after purchasing an additional 92,110 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in Mobile Infrastructure by 31.6% in the fourth quarter. First Manhattan CO. LLC. now owns 105,342 shares of the company’s stock worth $474,000 after purchasing an additional 25,291 shares during the last quarter. Concorde Asset Management LLC increased its position in shares of Mobile Infrastructure by 12.9% during the fourth quarter. Concorde Asset Management LLC now owns 64,518 shares of the company’s stock worth $290,000 after purchasing an additional 7,354 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Mobile Infrastructure by 116.1% during the 4th quarter. Northern Trust Corp now owns 61,419 shares of the company’s stock valued at $276,000 after purchasing an additional 32,995 shares during the last quarter. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Company Profile

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.