Brokerages Set Mobile Infrastructure Corporation (NASDAQ:BEEP) Target Price at $5.88

Mobile Infrastructure Corporation (NASDAQ:BEEP) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.8750.

Several analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 price objective on shares of Mobile Infrastructure in a report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday, December 15th. Finally, Wall Street Zen downgraded Mobile Infrastructure to a “strong sell” rating in a research report on Saturday, November 22nd.

Mobile Infrastructure Price Performance

Shares of NASDAQ BEEP opened at $2.60 on Wednesday. Mobile Infrastructure has a 52 week low of $2.50 and a 52 week high of $4.85. The business’s 50 day moving average price is $3.16 and its 200 day moving average price is $3.58. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.18. The firm has a market cap of $109.98 million, a P/E ratio of -6.67 and a beta of 0.53.

Institutional Trading of Mobile Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MAI Capital Management lifted its holdings in Mobile Infrastructure by 99.3% in the first quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after acquiring an additional 3,116 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Mobile Infrastructure during the 2nd quarter worth approximately $36,000. Raymond James Financial Inc. purchased a new position in shares of Mobile Infrastructure during the 2nd quarter valued at approximately $39,000. J.W. Cole Advisors Inc. acquired a new position in shares of Mobile Infrastructure in the 2nd quarter valued at $54,000. Finally, JPMorgan Chase & Co. boosted its holdings in Mobile Infrastructure by 60,134.8% during the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock worth $63,000 after buying an additional 13,831 shares in the last quarter. 84.30% of the stock is owned by institutional investors and hedge funds.

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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.