Mobile Infrastructure (NASDAQ:BEEP) Earns Buy Rating from Analysts at Maxim Group

Analysts at Maxim Group began coverage on shares of Mobile Infrastructure (NASDAQ:BEEP) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 114.07% from the company’s current price.

BEEP has been the subject of several other reports. B. Riley initiated coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They issued a “buy” rating and a $5.00 price objective for the company. Piper Sandler initiated coverage on Mobile Infrastructure in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $5.00 price objective for the company.

Mobile Infrastructure Stock Down 6.3 %

Shares of BEEP opened at $3.27 on Friday. The company has a market capitalization of $137.01 million, a PE ratio of -3.63 and a beta of 0.58. Mobile Infrastructure has a 12 month low of $2.48 and a 12 month high of $4.86. The stock’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $3.47. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Mobile Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the stock. No Street GP LP boosted its stake in Mobile Infrastructure by 49.1% during the 4th quarter. No Street GP LP now owns 24,296,528 shares of the company’s stock valued at $109,334,000 after purchasing an additional 7,997,842 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in Mobile Infrastructure by 31.6% during the 4th quarter. First Manhattan CO. LLC. now owns 105,342 shares of the company’s stock valued at $474,000 after purchasing an additional 25,291 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Mobile Infrastructure in the 4th quarter worth approximately $118,000. Jane Street Group LLC purchased a new position in shares of Mobile Infrastructure in the 4th quarter worth approximately $82,000. Finally, Northern Trust Corp boosted its stake in shares of Mobile Infrastructure by 116.1% in the 4th quarter. Northern Trust Corp now owns 61,419 shares of the company’s stock worth $276,000 after buying an additional 32,995 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

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.