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

Analysts at Piper Sandler started coverage on shares of Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $5.00 price target on the stock. Piper Sandler's target price would indicate a potential upside of 26.10% from the stock's previous close.

Separately, B. Riley started coverage on shares of Mobile Infrastructure in a research report on Thursday. They set a "buy" rating and a $5.00 price objective for the company.

Mobile Infrastructure Price Performance

NASDAQ BEEP traded up $0.06 during midday trading on Thursday, hitting $3.97. The company had a trading volume of 27,148 shares, compared to its average volume of 46,705. The firm has a 50-day moving average price of $3.76 and a 200-day moving average price of $3.35. The company has a market capitalization of $166.13 million, a PE ratio of -4.41 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 has a twelve month low of $2.48 and a twelve month high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share 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 for the quarter.

Institutional Trading of Mobile Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of BEEP. International Assets Investment Management LLC lifted its holdings in shares of Mobile Infrastructure by 216.0% in the third 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 in the last quarter. Geode Capital Management LLC lifted its stake in Mobile Infrastructure by 40.5% during the 3rd quarter. Geode Capital Management LLC now owns 283,474 shares of the company's stock valued at $930,000 after acquiring an additional 81,727 shares in the last quarter. Brookstone Capital Management boosted 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 during the last quarter. Centaurus Financial Inc. grew its stake 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 worth $319,000 after acquiring an additional 5,869 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company's stock valued at $127,000 after purchasing an additional 11,245 shares during the last quarter. 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.