Mobile Infrastructure (NASDAQ:BEEP) Now Covered by Analysts at B. Riley

Research analysts at B. Riley assumed coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm set a “buy” rating and a $5.00 price target on the stock. B. Riley’s target price indicates a potential upside of 13.12% from the stock’s previous close.

Mobile Infrastructure Stock Up 13.3 %

Shares of BEEP opened at $4.42 on Thursday. The company has a market capitalization of $185.20 million, a P/E ratio of -4.91 and a beta of 0.59. Mobile Infrastructure has a one year low of $2.48 and a one year high of $4.86. The business’s 50 day simple moving average is $3.81 and its 200-day simple moving average is $3.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10.

Mobile Infrastructure (NASDAQ:BEEP) last announced its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. The business had revenue of $9.76 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BEEP. International Assets Investment Management LLC raised its position in shares of Mobile Infrastructure by 216.0% during the third quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock worth $564,000 after acquiring an additional 117,607 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mobile Infrastructure by 40.5% during the 3rd quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock worth $930,000 after purchasing an additional 81,727 shares during the last quarter. Brookstone Capital Management lifted its position in Mobile Infrastructure by 84.2% during the 3rd quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock valued at $159,000 after purchasing an additional 22,097 shares during the period. CWM LLC boosted its stake in shares of Mobile Infrastructure by 40.8% in the 3rd quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after purchasing an additional 11,245 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of Mobile Infrastructure by 6.7% during the second quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock worth $319,000 after buying an additional 5,869 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

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.