Barrington Research Reaffirms Outperform Rating for Mobile Infrastructure (NASDAQ:BEEP)

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 reaffirmed their outperform rating on shares of Mobile Infrastructure (NASDAQ:BEEP - Free Report) in a report released on Friday,Benzinga reports. They currently have a $6.50 price objective on the stock.

Mobile Infrastructure Price Performance

BEEP stock traded up $0.09 during midday trading on Friday, reaching $3.68. 18,873 shares of the stock were exchanged, compared to its average volume of 44,628. The stock has a market capitalization of $157.14 million, a PE ratio of -12.27 and a beta of 0.55. Mobile Infrastructure has a 52 week low of $2.60 and a 52 week high of $4.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.10 and a quick ratio of 0.10. The company has a fifty day moving average price of $3.98 and a 200 day moving average price of $3.93.

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

Institutional Investors Weigh In On Mobile Infrastructure

A number of institutional investors have recently made changes to their positions in BEEP. No Street GP LP grew its position in shares of Mobile Infrastructure by 49.1% in the 4th quarter. No Street GP LP now owns 24,296,528 shares of the company's stock valued at $109,334,000 after buying an additional 7,997,842 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Mobile Infrastructure by 44.9% in the 2nd quarter. Geode Capital Management LLC now owns 572,065 shares of the company's stock valued at $2,592,000 after buying an additional 177,384 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Mobile Infrastructure in the 2nd quarter valued at about $367,000. Connective Capital Management LLC bought a new stake in shares of Mobile Infrastructure in the 1st quarter valued at about $223,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Mobile Infrastructure in the 2nd quarter valued at about $240,000. Institutional investors 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.