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

Stock analysts at B. Riley assumed coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. B. Riley’s target price points to a potential upside of 27.88% from the stock’s previous close.

Mobile Infrastructure Price Performance

Shares of BEEP opened at $3.91 on Thursday. Mobile Infrastructure has a 12 month low of $2.48 and a 12 month 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. The stock has a fifty day moving average price of $3.76 and a 200 day moving average price of $3.35. The company has a market cap of $163.83 million, a P/E ratio of -4.34 and a beta of 0.59.

Mobile Infrastructure (NASDAQ:BEEP) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $9.76 million for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BEEP. CWM LLC increased its holdings in shares of Mobile Infrastructure by 40.8% during the third quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after purchasing an additional 11,245 shares during the period. Brookstone Capital Management grew its position in Mobile Infrastructure by 84.2% in the 3rd quarter. Brookstone Capital Management now owns 48,355 shares of the company’s stock valued at $159,000 after buying an additional 22,097 shares in the last quarter. Concorde Asset Management LLC increased its stake in Mobile Infrastructure by 5.5% during the 3rd quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock valued at $187,000 after buying an additional 2,985 shares during the period. Centaurus Financial Inc. raised its position in shares of Mobile Infrastructure by 6.7% during the 2nd quarter. Centaurus Financial Inc. now owns 93,018 shares of the company’s stock worth $319,000 after buying an additional 5,869 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Mobile Infrastructure by 216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock worth $564,000 after acquiring an additional 117,607 shares during the period. 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.