Barrington Research Reaffirms “Outperform” Rating for Mobile Infrastructure (NASDAQ:BEEP)

Mobile Infrastructure (NASDAQ:BEEP)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $6.50 price target on the stock. Barrington Research’s price objective points to a potential upside of 84.14% from the stock’s current price.

Mobile Infrastructure Stock Performance

Mobile Infrastructure stock opened at $3.53 on Friday. The stock’s 50 day moving average price is $3.98 and its 200 day moving average price is $3.94. The firm has a market capitalization of $150.73 million, a PE ratio of -11.77 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.10 and a current ratio of 0.10. Mobile Infrastructure has a one year low of $2.60 and a one year high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Mobile Infrastructure had a negative return on equity of 5.58% and a negative net margin of 28.91%. The company had revenue of $8.99 million for the quarter, compared to analyst estimates of $9.39 million. As a group, sell-side analysts expect that Mobile Infrastructure will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobile Infrastructure

Hedge funds have recently bought and sold shares of the business. MAI Capital Management grew its stake in Mobile Infrastructure by 99.3% during 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 in the last quarter. Barclays PLC acquired a new stake in Mobile Infrastructure during the 4th quarter valued at approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Mobile Infrastructure during the 2nd quarter valued at approximately $36,000. Raymond James Financial Inc. acquired a new stake in Mobile Infrastructure during the 2nd quarter valued at approximately $39,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in Mobile Infrastructure during the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds 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.