Mobile Infrastructure Corporation (NASDAQ:BEEP) Receives $5.88 Consensus Price Target from Brokerages

Shares of Mobile Infrastructure Corporation (NASDAQ:BEEP) have received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.8750.

A number of equities analysts have weighed in on BEEP shares. Weiss Ratings reissued a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday. Wall Street Zen cut shares of Mobile Infrastructure to a “strong sell” rating in a report on Saturday, November 22nd. Finally, Barrington Research restated an “outperform” rating and set a $6.50 price objective on shares of Mobile Infrastructure in a research report on Friday, November 14th.

Institutional Trading of Mobile Infrastructure

A number of hedge funds have recently bought and sold shares of BEEP. Connective Capital Management LLC bought a new position in Mobile Infrastructure in the first quarter valued at about $223,000. MAI Capital Management lifted its stake in shares of Mobile Infrastructure by 99.3% in the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock worth $26,000 after purchasing an additional 3,116 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Mobile Infrastructure by 104.1% in the first quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock worth $170,000 after buying an additional 20,741 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Mobile Infrastructure by 85.1% in the first quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock worth $140,000 after buying an additional 15,484 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Mobile Infrastructure during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Stock Down 5.5%

BEEP stock opened at $2.60 on Wednesday. The stock has a market capitalization of $109.98 million, a P/E ratio of -6.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.08 and a quick ratio of 0.08. Mobile Infrastructure has a 1-year low of $2.50 and a 1-year high of $4.85. The business has a fifty day moving average price of $3.16 and a 200-day moving average price of $3.59.

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.