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

Shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.8750.

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $6.50 price objective on shares of Mobile Infrastructure in a research report on Friday, November 14th. Finally, Wall Street Zen downgraded shares of Mobile Infrastructure to a “strong sell” rating in a report on Saturday, November 22nd.

Mobile Infrastructure Price Performance

NASDAQ BEEP opened at $3.19 on Wednesday. The company has a market cap of $134.94 million, a PE ratio of -8.18 and a beta of 0.53. The firm’s 50 day moving average price is $3.20 and its 200-day moving average price is $3.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.08 and a current ratio of 0.08. Mobile Infrastructure has a 52-week low of $2.50 and a 52-week high of $4.86.

Institutional Investors Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Mobile Infrastructure by 44.9% in the 2nd quarter. Geode Capital Management LLC now owns 572,065 shares of the company’s stock worth $2,592,000 after purchasing an additional 177,384 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in Mobile Infrastructure in the second quarter valued at about $367,000. Connective Capital Management LLC acquired a new stake in Mobile Infrastructure in the first quarter worth about $223,000. North Star Investment Management Corp. acquired a new position in shares of Mobile Infrastructure during the second quarter valued at about $240,000. Finally, Tactive Advisors LLC purchased a new position in shares of Mobile Infrastructure in the 2nd quarter valued at approximately $124,000. 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.