Mobile Infrastructure (NASDAQ:BEEP) Now Covered by Analysts at B. Riley

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

Mobile Infrastructure Price Performance

Shares of NASDAQ:BEEP opened at $3.90 on Thursday. The company has a market cap of $163.41 million, a P/E ratio of -4.33 and a beta of 0.59. The company’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. Mobile Infrastructure has a 12-month low of $2.48 and a 12-month high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP) last announced its quarterly earnings data 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 business had revenue of $9.76 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. increased its stake in shares of Mobile Infrastructure by 6.7% in the second quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock worth $319,000 after acquiring an additional 5,869 shares during the last quarter. Brookstone Capital Management grew its stake in 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 purchasing an additional 22,097 shares in the last quarter. CWM LLC increased its position in Mobile Infrastructure by 40.8% in the 3rd quarter. CWM LLC now owns 38,810 shares of the company’s stock worth $127,000 after purchasing an additional 11,245 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Mobile Infrastructure by 216.0% during the 3rd quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock worth $564,000 after purchasing an additional 117,607 shares in the last quarter. Finally, Concorde Asset Management LLC lifted its holdings 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 valued at $187,000 after buying an additional 2,985 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.