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

Equities researchers at Piper Sandler started coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $5.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 13.12% from the company’s previous close.

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

Mobile Infrastructure Trading Up 13.3 %

Shares of BEEP stock opened at $4.42 on Thursday. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86. The stock’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $3.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $185.20 million, a PE ratio of -4.91 and a beta of 0.59.

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

Institutional Trading of Mobile Infrastructure

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Mobile Infrastructure by 40.5% in the 3rd quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock valued at $930,000 after buying an additional 81,727 shares during the last quarter. Concorde Asset Management LLC raised its stake in shares of Mobile Infrastructure by 5.5% during the third quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock valued at $187,000 after acquiring an additional 2,985 shares during the last quarter. International Assets Investment Management LLC lifted 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 worth $564,000 after purchasing an additional 117,607 shares during the period. CWM LLC grew its stake in shares of Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after purchasing an additional 11,245 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in 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. 84.30% of the stock is owned by institutional investors and hedge funds.

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.