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 presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.8750.

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $6.50 price objective on shares of Mobile Infrastructure in a research report on Friday, November 14th. Finally, Wall Street Zen lowered shares of Mobile Infrastructure to a “strong sell” rating in a report on Saturday, December 27th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in 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 acquiring an additional 20,741 shares in the last quarter. Jane Street Group LLC boosted its position in Mobile Infrastructure by 85.1% in the 1st quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after buying an additional 15,484 shares during the period. Focus Partners Wealth purchased a new position in Mobile Infrastructure in the first quarter valued at $80,000. North Star Investment Management Corp. acquired a new position in Mobile Infrastructure during the 2nd quarter worth $240,000. Finally, Geode Capital Management LLC raised its position in Mobile Infrastructure by 44.9% in the 2nd quarter. Geode Capital Management LLC now owns 572,065 shares of the company’s stock valued at $2,592,000 after purchasing an additional 177,384 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

Mobile Infrastructure Trading Down 2.6%

NASDAQ:BEEP traded down $0.07 on Friday, hitting $2.63. The stock had a trading volume of 15,382 shares, compared to its average volume of 72,137. The company has a fifty day moving average price of $2.85 and a two-hundred day moving average price of $3.39. Mobile Infrastructure has a 1-year low of $2.50 and a 1-year high of $4.67. 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 has a market cap of $111.25 million, a price-to-earnings ratio of -6.74 and a beta of 0.55.

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.