Maxim Group Begins Coverage on Mobile Infrastructure (NASDAQ:BEEP)

Maxim Group began coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report released on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

A number of other equities research analysts have also weighed in on BEEP. Piper Sandler assumed coverage on shares of Mobile Infrastructure in a report on Thursday, January 23rd. They issued an “overweight” rating and a $5.00 price objective on the stock. B. Riley assumed coverage on Mobile Infrastructure in a report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 target price on the stock.

Mobile Infrastructure Stock Down 6.1 %

Shares of NASDAQ:BEEP opened at $3.07 on Friday. Mobile Infrastructure has a fifty-two week low of $2.48 and a fifty-two week high of $4.86. The firm’s 50 day moving average price is $4.05 and its 200 day moving average price is $3.47. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.09. The stock has a market cap of $128.63 million, a price-to-earnings ratio of -3.41 and a beta of 0.58.

Hedge Funds Weigh In On Mobile Infrastructure

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of Mobile Infrastructure during the 4th quarter worth approximately $31,000. Jane Street Group LLC purchased a new stake in Mobile Infrastructure in the fourth quarter valued at $82,000. Two Sigma Securities LLC acquired a new position in Mobile Infrastructure in the fourth quarter valued at $85,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Mobile Infrastructure during the fourth quarter worth about $101,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Mobile Infrastructure during the fourth quarter worth about $118,000. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

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.