Mobile Infrastructure’s (BEEP) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report sent to investors on Friday,Benzinga reports. Barrington Research currently has a $6.50 price target on the stock.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobile Infrastructure in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.88.

Mobile Infrastructure Price Performance

Shares of BEEP opened at $3.26 on Friday. The firm has a fifty day simple moving average of $3.43 and a two-hundred day simple moving average of $3.76. The firm has a market cap of $137.90 million, a PE ratio of -8.36 and a beta of 0.52. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.18. Mobile Infrastructure has a 1-year low of $2.84 and a 1-year high of $4.86.

Institutional Trading of Mobile Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in BEEP. MAI Capital Management grew its holdings in shares of Mobile Infrastructure by 99.3% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Mobile Infrastructure in the 2nd quarter worth about $36,000. Raymond James Financial Inc. purchased a new position in shares of Mobile Infrastructure during the second quarter worth approximately $39,000. J.W. Cole Advisors Inc. bought a new stake in shares of Mobile Infrastructure during the second quarter valued at approximately $54,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mobile Infrastructure by 60,134.8% in the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after purchasing an additional 13,831 shares during the period. 84.30% of the stock is currently owned by institutional investors.

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.