Goldman Sachs Group Inc. Raises Stock Holdings in Mobile Infrastructure Corporation $BEEP

Goldman Sachs Group Inc. boosted its stake in Mobile Infrastructure Corporation (NASDAQ:BEEP) by 104.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,662 shares of the company’s stock after buying an additional 20,741 shares during the period. Goldman Sachs Group Inc. owned approximately 0.10% of Mobile Infrastructure worth $170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in Mobile Infrastructure during the fourth quarter worth about $118,000. CWM LLC increased its stake in Mobile Infrastructure by 40.5% during the first quarter. CWM LLC now owns 60,998 shares of the company’s stock worth $254,000 after purchasing an additional 17,569 shares during the period. Jane Street Group LLC purchased a new stake in Mobile Infrastructure during the fourth quarter worth about $82,000. Northern Trust Corp increased its stake in Mobile Infrastructure by 116.1% during the fourth quarter. Northern Trust Corp now owns 61,419 shares of the company’s stock worth $276,000 after purchasing an additional 32,995 shares during the period. Finally, MAI Capital Management increased its stake in Mobile Infrastructure by 99.3% during the first quarter. MAI Capital Management now owns 6,253 shares of the company’s stock worth $26,000 after purchasing an additional 3,116 shares during the period. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

Mobile Infrastructure Stock Performance

Shares of Mobile Infrastructure stock opened at $3.41 on Tuesday. Mobile Infrastructure Corporation has a one year low of $2.75 and a one year high of $4.86. The company has a market cap of $145.61 million, a PE ratio of -11.37 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. The business has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.94.

Mobile Infrastructure (NASDAQ:BEEP) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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. Mobile Infrastructure has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Mobile Infrastructure Corporation will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and set a $6.50 price target on shares of Mobile Infrastructure in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $5.88.

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.