Mobile Infrastructure (NASDAQ:BEEP) Research Coverage Started at B. Riley

B. Riley began coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.

Mobile Infrastructure Trading Up 13.3 %

BEEP stock opened at $4.42 on Thursday. The firm has a fifty day moving average price of $3.81 and a 200 day moving average price of $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. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86. The firm 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 quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. The firm had revenue of $9.76 million during the quarter.

Institutional Investors Weigh In On Mobile Infrastructure

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Mobile Infrastructure by 216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock valued at $564,000 after purchasing an additional 117,607 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mobile Infrastructure by 40.5% in the third quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock worth $930,000 after buying an additional 81,727 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Mobile Infrastructure by 84.2% during the third quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock worth $159,000 after buying an additional 22,097 shares during the period. Centaurus Financial Inc. grew 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 valued at $319,000 after buying an additional 5,869 shares during the last quarter. Finally, CWM LLC increased its position 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 acquiring an additional 11,245 shares during the period. Hedge funds and other institutional investors 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.