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

Shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $5.8750.

Several research firms have weighed in on BEEP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mobile Infrastructure in a report on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Mobile Infrastructure in a research note on Friday, November 14th. Finally, Wall Street Zen cut shares of Mobile Infrastructure to a “strong sell” rating in a research note on Saturday, December 27th.

Hedge Funds Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Mobile Infrastructure by 104.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock valued at $170,000 after purchasing an additional 20,741 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in Mobile Infrastructure in the second quarter worth approximately $240,000. Jane Street Group LLC grew its position in Mobile Infrastructure by 85.1% during the first quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after acquiring an additional 15,484 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mobile Infrastructure by 44.9% during the second quarter. Geode Capital Management LLC now owns 572,065 shares of the company’s stock worth $2,592,000 after acquiring an additional 177,384 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Mobile Infrastructure by 60,134.8% in 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 last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

Mobile Infrastructure Trading Up 2.9%

Mobile Infrastructure stock opened at $2.83 on Friday. 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 fifty-two week low of $2.50 and a fifty-two week high of $4.67. The stock has a market cap of $119.71 million, a P/E ratio of -7.26 and a beta of 0.55. The firm’s fifty day moving average price is $2.92 and its 200-day moving average price is $3.45.

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.