Mobile Infrastructure (NASDAQ:BEEP) Coverage Initiated at Piper Sandler

Stock analysts at Piper Sandler initiated coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $5.00 price target on the stock. Piper Sandler’s price target would indicate a potential upside of 27.88% from the company’s previous close.

Separately, B. Riley started coverage on shares of Mobile Infrastructure in a research report on Thursday. They issued a “buy” rating and a $5.00 price target for the company.

Mobile Infrastructure Stock Performance

BEEP stock opened at $3.91 on Thursday. Mobile Infrastructure has a 12 month low of $2.48 and a 12 month high of $4.86. The firm’s 50-day moving average is $3.76 and its 200 day moving average is $3.35. The company has a market capitalization of $163.83 million, a PE ratio of -4.34 and a beta of 0.59. 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 posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $9.76 million for the quarter. Mobile Infrastructure had a negative net margin of 24.59% and a negative return on equity of 4.36%.

Hedge Funds Weigh In On Mobile Infrastructure

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings 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 valued at $564,000 after buying an additional 117,607 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 81,727 shares during the period. Brookstone Capital Management increased its holdings in shares of Mobile Infrastructure by 84.2% in the third 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. Centaurus Financial Inc. lifted its holdings 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 purchasing an additional 5,869 shares during the period. Finally, CWM LLC boosted its position in Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after buying an additional 11,245 shares during the last quarter. 84.30% of the stock is owned by institutional investors and hedge funds.

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.