Mobile Infrastructure (NASDAQ:BEEP) Given "Outperform" Rating at Barrington Research

Key Points

• Barrington Research has reaffirmed its "outperform" rating for Mobile Infrastructure (NASDAQ:BEEP) with a price target of $6.50, indicating a potential upside of 81.06% from its current price.
• Mobile Infrastructure reported a loss of ($0.11) earnings per share, missing the consensus estimate, with revenue of $8.99 million in its latest quarterly earnings.
• Institutional investors hold 84.30% of Mobile Infrastructure's stock, with notable increases in stakes from firms like MAI Capital Management and others in recent quarters.

Barrington Research restated their outperform rating on shares of Mobile Infrastructure (NASDAQ:BEEP - Free Report) in a research note issued to investors on Friday morning,Benzinga reports. Barrington Research currently has a $6.50 target price on the stock.

Mobile Infrastructure Trading Up 4.1%

Mobile Infrastructure stock traded up $0.1510 during midday trading on Friday, reaching $3.8310. The stock had a trading volume of 16,696 shares, compared to its average volume of 44,449. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.17. The firm has a market cap of $163.58 million, a price-to-earnings ratio of -12.77 and a beta of 0.55. Mobile Infrastructure has a 52-week low of $2.65 and a 52-week high of $4.86. The company has a fifty day moving average of $3.97 and a 200 day moving average of $3.93.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). Mobile Infrastructure had a negative net margin of 28.91% and a negative return on equity of 5.58%. The company had revenue of $8.99 million for the quarter, compared to analysts' expectations of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. On average, analysts anticipate that Mobile Infrastructure will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobile Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management raised its stake in shares of Mobile Infrastructure by 99.3% during the 1st quarter. MAI Capital Management now owns 6,253 shares of the company's stock worth $26,000 after acquiring an additional 3,116 shares in the last quarter. Barclays PLC acquired a new stake in shares of Mobile Infrastructure in the 4th quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Mobile Infrastructure during the 2nd quarter worth $36,000. Raymond James Financial Inc. purchased a new stake in Mobile Infrastructure during the 2nd quarter worth approximately $39,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Mobile Infrastructure in the second quarter worth $54,000. Institutional investors own 84.30% of the company's stock.

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.