Mobile Infrastructure (NASDAQ:BEEP) Coverage Initiated by Analysts at Maxim Group

Maxim Group began coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $7.00 price target on the stock.

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

Mobile Infrastructure Stock Performance

Shares of Mobile Infrastructure stock opened at $3.07 on Friday. The business’s fifty day simple moving average is $4.05 and its 200-day simple moving average 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 firm has a market cap of $128.63 million, a PE ratio of -3.41 and a beta of 0.58. Mobile Infrastructure has a 52 week low of $2.48 and a 52 week high of $4.86.

Hedge Funds Weigh In On Mobile Infrastructure

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in Mobile Infrastructure by 216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 172,066 shares of the company’s stock valued at $564,000 after acquiring an additional 117,607 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mobile Infrastructure by 40.5% in the third quarter. Geode Capital Management LLC now owns 283,474 shares of the company’s stock valued at $930,000 after purchasing an additional 81,727 shares during the period. CWM LLC grew its holdings in shares of Mobile Infrastructure by 40.8% in the third quarter. CWM LLC now owns 38,810 shares of the company’s stock valued at $127,000 after purchasing an additional 11,245 shares in the last quarter. Concorde Asset Management LLC increased its stake in Mobile Infrastructure by 5.5% during the 3rd quarter. Concorde Asset Management LLC now owns 57,164 shares of the company’s stock worth $187,000 after buying an additional 2,985 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Mobile Infrastructure during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 84.30% of the company’s stock.

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.