Ausdal Financial Partners Inc. Sells 3,166 Shares of Mobile Infrastructure Co. (NASDAQ:BEEP)

Ausdal Financial Partners Inc. decreased its holdings in Mobile Infrastructure Co. (NASDAQ:BEEP) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,832 shares of the company’s stock after selling 3,166 shares during the quarter. Ausdal Financial Partners Inc. owned about 0.17% of Mobile Infrastructure worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Charles Schwab Investment Management Inc. purchased a new position in shares of Mobile Infrastructure in the 4th quarter valued at approximately $101,000. Institutional investors and hedge funds own 84.30% of the company’s stock.

Mobile Infrastructure Stock Up 0.5 %

Shares of NASDAQ:BEEP opened at $4.34 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09. The stock has a fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $3.58. Mobile Infrastructure Co. has a 12-month low of $2.48 and a 12-month high of $4.86. The stock has a market capitalization of $184.88 million, a price-to-earnings ratio of -4.82 and a beta of 0.61.

Mobile Infrastructure (NASDAQ:BEEP) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.03) earnings per share (EPS) for the quarter. Mobile Infrastructure had a negative return on equity of 4.36% and a negative net margin of 24.59%. During the same period in the previous year, the business posted ($0.34) earnings per share. On average, research analysts anticipate that Mobile Infrastructure Co. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BEEP shares. B. Riley assumed coverage on Mobile Infrastructure in a report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 price objective for the company. Maxim Group began coverage on shares of Mobile Infrastructure in a research note on Friday, February 21st. They issued a “buy” rating and a $7.00 price target for the company. Finally, Piper Sandler began coverage on shares of Mobile Infrastructure in a research note on Thursday, January 23rd. They set an “overweight” rating and a $5.00 price objective on the 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.