Mobile Infrastructure (NASDAQ:BEEP) Cut to “Strong Sell” at Wall Street Zen

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

Several other equities analysts have also recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $6.50 price target 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 report on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mobile Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $5.88.

Mobile Infrastructure Stock Down 1.8%

BEEP stock opened at $2.76 on Friday. 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 stock has a market capitalization of $116.75 million, a P/E ratio of -7.08 and a beta of 0.53. Mobile Infrastructure has a fifty-two week low of $2.50 and a fifty-two week high of $4.84. The business has a 50-day moving average of $3.09 and a 200-day moving average of $3.53.

Hedge Funds Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 20,741 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Mobile Infrastructure in the 2nd quarter valued at about $240,000. MAI Capital Management lifted its stake in Mobile Infrastructure by 99.3% in the 1st quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after purchasing an additional 3,116 shares during the last quarter. Citadel Advisors LLC bought a new position in Mobile Infrastructure during the third quarter worth about $79,000. Finally, Quadrant Capital Group LLC increased its position in Mobile Infrastructure by 69.6% during the third quarter. Quadrant Capital Group LLC now owns 27,729 shares of the company’s stock worth $98,000 after buying an additional 11,380 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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.