Mobile Infrastructure (NASDAQ:BEEP) Given a $6.50 Price Target at Barrington Research

Mobile Infrastructure (NASDAQ:BEEP) has been given a $6.50 target price by equities research analysts at Barrington Research in a research report issued on Monday, MarketBeat.com reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s price objective indicates a potential upside of 66.24% from the stock’s previous close. Barrington Research also issued estimates for Mobile Infrastructure’s Q2 2025 earnings at ($0.11) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.05) EPS, FY2025 earnings at ($0.33) EPS and FY2026 earnings at ($0.27) EPS.

Several other equities analysts have also recently issued reports on BEEP. B. Riley started 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 for the company. Piper Sandler started coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $5.00 target price for the company. Finally, Maxim Group started coverage on shares of Mobile Infrastructure in a research note on Friday, February 21st. They issued a “buy” rating and a $7.00 target price for the company.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP opened at $3.91 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $4.07 and a two-hundred day simple moving average of $3.85. Mobile Infrastructure has a 12 month low of $2.48 and a 12 month high of $4.86. The stock has a market cap of $165.78 million, a price-to-earnings ratio of -4.34 and a beta of 0.50.

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

Institutional Investors Weigh In On Mobile Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in BEEP. Charles Schwab Investment Management Inc. purchased a new stake in Mobile Infrastructure in the 4th quarter worth $101,000. Geode Capital Management LLC increased its holdings in Mobile Infrastructure by 32.5% in the 4th quarter. Geode Capital Management LLC now owns 375,584 shares of the company’s stock worth $1,691,000 after acquiring an additional 92,110 shares in the last quarter. Concorde Asset Management LLC increased its holdings in Mobile Infrastructure by 12.9% in the 4th quarter. Concorde Asset Management LLC now owns 64,518 shares of the company’s stock worth $290,000 after acquiring an additional 7,354 shares in the last quarter. Barclays PLC purchased a new stake in Mobile Infrastructure in the 4th quarter worth $31,000. Finally, Two Sigma Securities LLC purchased a new stake in Mobile Infrastructure in the 4th quarter worth $85,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

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.