Barrington Research Reaffirms “Outperform” Rating for Mobile Infrastructure (NASDAQ:BEEP)

Mobile Infrastructure (NASDAQ:BEEP)‘s stock had its “outperform” rating reiterated by equities research analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $6.50 price target on the stock. Barrington Research’s price objective would indicate a potential upside of 188.89% from the stock’s previous close.

A number of other research analysts also recently weighed in on BEEP. Maxim Group decreased their target price on shares of Mobile Infrastructure from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reiterated a “sell (d)” rating on shares of Mobile Infrastructure in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.25.

Mobile Infrastructure Stock Up 10.3%

Shares of BEEP stock traded up $0.21 during trading hours on Tuesday, hitting $2.25. 172,710 shares of the company were exchanged, compared to its average volume of 42,670. The business has a 50 day moving average of $2.20 and a two-hundred day moving average of $2.70. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.17. Mobile Infrastructure has a 52 week low of $1.76 and a 52 week high of $4.67. The company has a market capitalization of $92.70 million, a PE ratio of -3.57 and a beta of 0.50.

Mobile Infrastructure (NASDAQ:BEEP) last issued its quarterly earnings data on Monday, March 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.07). Mobile Infrastructure had a negative return on equity of 11.49% and a negative net margin of 70.76%.The company had revenue of $8.76 million for the quarter. Analysts anticipate that Mobile Infrastructure will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Mobile Infrastructure

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Mobile Infrastructure in the second quarter valued at $36,000. Raymond James Financial Inc. acquired a new stake in Mobile Infrastructure in the second quarter valued at $39,000. Bridgeway Capital Management LLC acquired a new stake in Mobile Infrastructure in the fourth quarter valued at $26,000. HRT Financial LP acquired a new stake in Mobile Infrastructure in the fourth quarter valued at $34,000. Finally, JPMorgan Chase & Co. lifted its stake in Mobile Infrastructure by 60,134.8% in the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after acquiring an additional 13,831 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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.