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

B. Riley initiated coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report released on Thursday, Marketbeat Ratings reports. The firm 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 stock has a market capitalization of $163.41 million, a P/E ratio of -4.33 and a beta of 0.59. The business has a 50-day moving average of $3.76 and a two-hundred day moving average of $3.35. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.10 and a quick ratio of 0.10.

Mobile Infrastructure (NASDAQ:BEEP) last announced its earnings results 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 company had revenue of $9.76 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BEEP. Concorde Asset Management LLC grew its position in shares of 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 purchasing an additional 2,985 shares during the last quarter. Centaurus Financial Inc. grew its holdings in 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 buying an additional 5,869 shares during 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 buying an additional 11,245 shares during the period. Brookstone Capital Management lifted its holdings in shares of Mobile Infrastructure by 84.2% during the third quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock worth $159,000 after buying an additional 22,097 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mobile Infrastructure by 40.5% in the third 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 during the period. Institutional investors and hedge funds 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.