Mobile Infrastructure (NASDAQ:BEEP) Lowered to Strong Sell Rating by Wall Street Zen

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

Other analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Mobile Infrastructure in a report on Monday, November 17th. 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. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.88.

Mobile Infrastructure Trading Up 4.1%

NASDAQ BEEP opened at $3.06 on Friday. Mobile Infrastructure has a one year low of $2.85 and a one year high of $4.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $129.44 million, a P/E ratio of -7.85 and a beta of 0.52. The stock’s 50-day moving average is $3.37 and its 200-day moving average is $3.73.

Hedge Funds Weigh In On Mobile Infrastructure

Several hedge funds have recently made changes to their positions in BEEP. MAI Capital Management lifted its position in shares of Mobile Infrastructure by 99.3% in the first quarter. MAI Capital Management now owns 6,253 shares of the company’s stock worth $26,000 after purchasing an additional 3,116 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Mobile Infrastructure during the 2nd quarter worth about $36,000. Raymond James Financial Inc. acquired a new position in shares of Mobile Infrastructure during the 2nd quarter worth about $39,000. J.W. Cole Advisors Inc. bought a new position in shares of Mobile Infrastructure in the 2nd quarter valued at about $54,000. Finally, JPMorgan Chase & Co. increased its position 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 acquiring an additional 13,831 shares during the last quarter. 84.30% of the stock is owned by 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.