B. Riley Begins Coverage on Mobile Infrastructure (NASDAQ:BEEP)

Investment analysts at B. Riley began coverage on shares of Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) in a report issued on Thursday, Marketbeat reports. The firm set a "buy" rating and a $5.00 price target on the stock. B. Riley's price target would suggest a potential upside of 26.10% from the company's current price.

Mobile Infrastructure Trading Up 1.4 %

Shares of BEEP traded up $0.06 during trading hours on Thursday, reaching $3.97. The stock had a trading volume of 27,148 shares, compared to its average volume of 46,705. The company has a market cap of $166.13 million, a P/E ratio of -4.41 and a beta of 0.59. Mobile Infrastructure has a 52 week low of $2.48 and a 52 week high of $4.86. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $3.76 and a 200 day moving average of $3.35.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last issued its quarterly earnings data 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 Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 81,727 shares during the last quarter. International Assets Investment Management LLC increased its position in 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 during the last quarter. Centaurus Financial Inc. increased its position in 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 buying an additional 5,869 shares during the last quarter. Concorde Asset Management LLC raised its stake in Mobile Infrastructure by 5.5% in the third quarter. Concorde Asset Management LLC now owns 57,164 shares of the company's stock valued at $187,000 after buying an additional 2,985 shares during the period. Finally, Brookstone Capital Management lifted its position 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 buying an additional 22,097 shares during the last quarter. 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.