Mobile Infrastructure (NASDAQ:BEEP) Releases Earnings Results, Misses Estimates By $0.01 EPS

Mobile Infrastructure (NASDAQ:BEEP) released its quarterly earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01), Zacks reports. Mobile Infrastructure had a negative return on equity of 5.58% and a negative net margin of 28.91%. Mobile Infrastructure updated its FY 2025 guidance to EPS.

Mobile Infrastructure Price Performance

Shares of NASDAQ:BEEP traded down $0.09 during trading on Monday, hitting $3.27. 70,271 shares of the stock were exchanged, compared to its average volume of 50,770. The company has a market cap of $139.63 million, a PE ratio of -10.90 and a beta of 0.52. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $3.49 and a two-hundred day moving average price of $3.79. Mobile Infrastructure has a 12-month low of $2.84 and a 12-month high of $4.86.

Hedge Funds Weigh In On Mobile Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Mobile Infrastructure by 85.1% in the first quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after purchasing an additional 15,484 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Mobile Infrastructure by 104.1% during the 1st 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. Cresset Asset Management LLC purchased a new stake in shares of Mobile Infrastructure in the 2nd quarter worth about $367,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Mobile Infrastructure in the 2nd quarter valued at about $36,000. Finally, Raymond James Financial Inc. purchased a new position in Mobile Infrastructure during the 2nd quarter valued at about $39,000. 84.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BEEP. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobile Infrastructure in a research note on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Mobile Infrastructure in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.88.

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.