Brokerages Set Mobile Infrastructure Corporation (NASDAQ:BEEP) Target Price at $5.88

Mobile Infrastructure Corporation (NASDAQ:BEEP) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.8750.

A number of brokerages recently commented on BEEP. Wall Street Zen cut Mobile Infrastructure to a “strong sell” rating in a report on Saturday, November 22nd. Barrington Research reissued an “outperform” rating and issued a $6.50 price objective on shares of Mobile Infrastructure in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a report on Monday.

Institutional Trading of Mobile Infrastructure

A number of large investors have recently modified their holdings of the stock. Connective Capital Management LLC boosted its holdings in Mobile Infrastructure by 10.8% in the third quarter. Connective Capital Management LLC now owns 60,973 shares of the company’s stock valued at $215,000 after purchasing an additional 5,929 shares during the period. Citadel Advisors LLC acquired a new stake in Mobile Infrastructure in the 3rd quarter valued at about $79,000. Quadrant Capital Group LLC boosted its stake in shares of Mobile Infrastructure by 69.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 27,729 shares of the company’s stock valued at $98,000 after buying an additional 11,380 shares during the period. Cresset Asset Management LLC grew its position in shares of Mobile Infrastructure by 5.1% during the third quarter. Cresset Asset Management LLC now owns 85,240 shares of the company’s stock worth $300,000 after buying an additional 4,135 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Mobile Infrastructure by 63.9% during the third quarter. JPMorgan Chase & Co. now owns 22,702 shares of the company’s stock worth $80,000 after buying an additional 8,848 shares during the period. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Trading Up 5.0%

Shares of NASDAQ BEEP traded up $0.15 during trading on Friday, reaching $3.14. The stock had a trading volume of 42,152 shares, compared to its average volume of 46,654. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $132.82 million, a P/E ratio of -8.05 and a beta of 0.52. Mobile Infrastructure has a fifty-two week low of $2.84 and a fifty-two week high of $4.86. The business’s 50-day moving average price is $3.34 and its 200-day moving average price is $3.70.

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.