Maxim Group Begins Coverage on Mobile Infrastructure (NASDAQ:BEEP)

Research analysts at Maxim Group assumed coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 128.01% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Piper Sandler initiated coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $5.00 price objective on the stock. B. Riley initiated coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 price objective on the stock.

Mobile Infrastructure Stock Performance

NASDAQ BEEP opened at $3.07 on Friday. The company has a market cap of $128.63 million, a P/E ratio of -3.41 and a beta of 0.58. 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 business’s 50 day moving average price is $4.05 and its 200-day moving average price is $3.47. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86.

Hedge Funds Weigh In On Mobile Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Concorde Asset Management LLC grew its position in shares of Mobile Infrastructure by 5.5% during the 3rd quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock worth $187,000 after buying an additional 2,985 shares in the last quarter. Barclays PLC bought a new position in shares of Mobile Infrastructure during the 4th quarter worth $31,000. CWM LLC grew its position in shares of 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 buying an additional 11,245 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Mobile Infrastructure during the 4th quarter worth $82,000. Finally, Two Sigma Securities LLC bought a new position in shares of Mobile Infrastructure during the 4th quarter worth $85,000. 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.