Maxim Group Begins Coverage on Mobile Infrastructure (NASDAQ:BEEP)

Maxim Group initiated coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a report issued on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

BEEP has been the topic of several other reports. Piper Sandler started coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They issued an “overweight” rating and a $5.00 price target on the stock. B. Riley initiated coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 price target on the stock.

Mobile Infrastructure Price Performance

NASDAQ BEEP opened at $3.07 on Friday. The firm’s fifty day simple moving average is $4.05 and its two-hundred day simple moving average is $3.48. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09. Mobile Infrastructure has a 12-month low of $2.48 and a 12-month high of $4.86. The firm has a market capitalization of $128.63 million, a P/E ratio of -3.41 and a beta of 0.58.

Institutional Investors Weigh In On Mobile Infrastructure

A number of large investors have recently made changes to their positions in BEEP. CWM LLC grew its holdings in shares of Mobile Infrastructure by 40.8% during the third quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after buying an additional 11,245 shares during the last quarter. International Assets Investment Management LLC boosted its holdings 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 valued at $564,000 after purchasing an additional 117,607 shares during the last quarter. Concorde Asset Management LLC boosted its holdings in Mobile Infrastructure by 5.5% in the third quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock valued at $187,000 after purchasing an additional 2,985 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mobile Infrastructure by 40.5% in the third quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock valued at $930,000 after purchasing an additional 81,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Mobile Infrastructure in the fourth quarter valued at $101,000. 84.30% of the stock is owned by hedge funds and other institutional investors.

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.