Mobile Infrastructure Corporation (NASDAQ:BEEP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.8750.

Several equities research analysts have weighed in on BEEP shares. Barrington Research restated an “outperform” rating and issued a $6.50 target price on shares of Mobile Infrastructure in a research note on Friday, November 14th. Wall Street Zen lowered Mobile Infrastructure to a “strong sell” rating in a report on Saturday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday.

Hedge Funds Weigh In On Mobile Infrastructure

Several hedge funds have recently modified their holdings of BEEP. MAI Capital Management raised its position in shares of Mobile Infrastructure by 99.3% in the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after purchasing an additional 3,116 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Mobile Infrastructure in the second quarter worth $36,000. Raymond James Financial Inc. acquired a new stake in shares of Mobile Infrastructure during the second quarter worth $39,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Mobile Infrastructure during the second quarter valued at $54,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Mobile Infrastructure by 60,134.8% during the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after buying an additional 13,831 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

Mobile Infrastructure Stock Performance

BEEP stock opened at $3.06 on Friday. Mobile Infrastructure has a one year low of $2.85 and a one year high of $4.86. The firm has a market cap of $129.44 million, a price-to-earnings ratio of -7.85 and a beta of 0.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a 50-day simple moving average of $3.37 and a two-hundred day simple moving average of $3.73.

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.