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

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

Other analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a research note on Friday, March 27th. Maxim Group cut 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 note on Friday. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.25.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP traded up $0.21 during mid-day trading on Tuesday, reaching $2.25. 172,710 shares of the company were exchanged, compared to its average volume of 42,670. The company’s 50-day simple moving average is $2.20 and its 200-day simple moving average is $2.70. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $92.70 million, a P/E ratio of -3.57 and a beta of 0.50. Mobile Infrastructure has a twelve month low of $1.76 and a twelve month high of $4.67.

Mobile Infrastructure (NASDAQ:BEEP) last posted its earnings results on Monday, March 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $8.76 million for the quarter. Mobile Infrastructure had a negative return on equity of 11.49% and a negative net margin of 70.76%. As a group, research analysts predict that Mobile Infrastructure will post -0.38 earnings per share for the current year.

Institutional Trading of Mobile Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of BEEP. JPMorgan Chase & Co. increased its holdings in Mobile Infrastructure by 63.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,702 shares of the company’s stock valued at $80,000 after buying an additional 8,848 shares during the period. Citadel Advisors LLC bought a new position in Mobile Infrastructure in the 3rd quarter valued at about $79,000. XTX Topco Ltd bought a new position in Mobile Infrastructure in the 4th quarter valued at about $57,000. Goldman Sachs Group Inc. bought a new position in Mobile Infrastructure in the 4th quarter valued at about $44,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Mobile Infrastructure during the 2nd quarter valued at approximately $39,000. 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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.