Wall Street Zen Downgrades Mobile Infrastructure (NASDAQ:BEEP) to Strong Sell

Mobile Infrastructure (NASDAQ:BEEP) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also recently commented on BEEP. Barrington Research restated an “outperform” rating and issued a $6.50 price target on shares of Mobile Infrastructure in a report on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.88.

Mobile Infrastructure Stock Performance

Shares of Mobile Infrastructure stock opened at $2.81 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $3.10 and its two-hundred day moving average is $3.54. Mobile Infrastructure has a 52 week low of $2.50 and a 52 week high of $4.84. The company has a market capitalization of $118.86 million, a PE ratio of -7.21 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MAI Capital Management increased its holdings in shares of Mobile Infrastructure by 99.3% in the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after acquiring an additional 3,116 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Mobile Infrastructure during the second quarter valued at about $36,000. Raymond James Financial Inc. purchased a new position in Mobile Infrastructure in the second quarter valued at about $39,000. J.W. Cole Advisors Inc. bought a new position in Mobile Infrastructure in the second quarter worth about $54,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Mobile Infrastructure by 60,134.8% during the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after buying an additional 13,831 shares during the last quarter. 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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.