Mobile Infrastructure (NASDAQ:BEEP) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen lowered shares of Mobile Infrastructure (NASDAQ:BEEP) to a strong sell rating in a research note published on Saturday morning.

Other equities analysts have also issued reports about the company. Barrington Research restated an “outperform” rating and issued a $6.50 target price on shares of Mobile Infrastructure in a research note on Friday, November 14th. Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.88.

Mobile Infrastructure Price Performance

Shares of NASDAQ:BEEP opened at $2.81 on Friday. The firm has a 50 day moving average of $3.10 and a 200-day moving average of $3.54. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.18. Mobile Infrastructure has a 12 month low of $2.50 and a 12 month high of $4.84. The stock has a market capitalization of $118.86 million, a PE ratio of -7.21 and a beta of 0.53.

Institutional Trading of Mobile Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MAI Capital Management boosted its holdings in Mobile Infrastructure by 99.3% in the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock worth $26,000 after buying an additional 3,116 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Mobile Infrastructure during the second quarter valued at approximately $36,000. Raymond James Financial Inc. bought a new position in Mobile Infrastructure in the 2nd quarter valued at $39,000. J.W. Cole Advisors Inc. bought a new stake in Mobile Infrastructure during the 2nd quarter valued at about $54,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mobile Infrastructure by 60,134.8% in the second quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after purchasing an additional 13,831 shares during the period. 84.30% of the stock is 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.