Mobile Infrastructure (NASDAQ:BEEP) Research Coverage Started at Piper Sandler

Piper Sandler assumed coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a report released on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $5.00 price objective on the stock.

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 Price Performance

BEEP opened at $4.42 on Thursday. The stock’s 50-day moving average price is $3.81 and its 200 day moving average price is $3.36. Mobile Infrastructure has a 12-month low of $2.48 and a 12-month high of $4.86. The firm has a market cap of $185.20 million, a price-to-earnings ratio of -4.91 and a beta of 0.59. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly 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 for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%.

Institutional Investors Weigh In On Mobile Infrastructure

A number of hedge funds have recently bought and sold shares of BEEP. International Assets Investment Management LLC grew 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 buying an additional 117,607 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 81,727 shares during the last quarter. Brookstone Capital Management grew its holdings in Mobile Infrastructure by 84.2% during the 3rd quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock worth $159,000 after acquiring an additional 22,097 shares in the last quarter. CWM LLC grew its holdings in Mobile Infrastructure by 40.8% during the 3rd quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after acquiring an additional 11,245 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Mobile Infrastructure by 6.7% in the 2nd quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock valued at $319,000 after purchasing an additional 5,869 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

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.