Mobile Infrastructure (NASDAQ:BEEP) Coverage Initiated at B. Riley

Research analysts at B. Riley started coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. B. Riley’s price target suggests a potential upside of 13.12% from the company’s current price.

Mobile Infrastructure Stock Up 13.3 %

BEEP opened at $4.42 on Thursday. The company has a market capitalization of $185.20 million, a PE ratio of -4.91 and a beta of 0.59. The business has a 50-day moving average of $3.81 and a 200-day moving average of $3.36. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86. 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 posted its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. The business had revenue of $9.76 million during the quarter.

Hedge Funds Weigh In On Mobile Infrastructure

Large investors have recently bought and sold shares of the stock. Concorde Asset Management LLC boosted its stake in Mobile Infrastructure by 5.5% during the third 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 in the last quarter. Centaurus Financial Inc. boosted its position in shares of Mobile Infrastructure by 6.7% during 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 in the last quarter. CWM LLC increased its stake in 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 acquiring an additional 11,245 shares during the period. Brookstone Capital Management raised its position in Mobile Infrastructure by 84.2% in the third quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock worth $159,000 after purchasing an additional 22,097 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mobile Infrastructure by 40.5% during the third quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock worth $930,000 after purchasing an additional 81,727 shares during the period. 84.30% of the stock is currently owned by institutional investors and hedge funds.

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.