Mobile Infrastructure (NASDAQ:BEEP) Downgraded to “Strong Sell” Rating by Wall Street Zen

Mobile Infrastructure (NASDAQ:BEEP) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a research note issued to investors on Saturday.

Several other research analysts have also recently commented on BEEP. Barrington Research restated an “outperform” rating and set a $6.50 target price on shares of Mobile Infrastructure in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Mobile Infrastructure in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.88.

Mobile Infrastructure Trading Up 2.9%

NASDAQ BEEP opened at $2.81 on Friday. Mobile Infrastructure has a 52 week low of $2.50 and a 52 week high of $4.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s 50 day moving average price is $3.10 and its two-hundred day moving average price is $3.55. The stock has a market capitalization of $118.86 million, a price-to-earnings ratio of -7.21 and a beta of 0.53.

Institutional Trading of Mobile Infrastructure

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

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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.