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

Key Points

• Barrington Research has reiterated an outperform rating for Mobile Infrastructure (NASDAQ:BEEP), with a target price of $6.50, indicating a potential upside of 82.28% from the current price.
• Mobile Infrastructure reported a quarterly earnings per share (EPS) of ($0.11), missing the consensus estimate of ($0.10), and had a negative net margin of 28.91%.
• Institutional investors own 84.30% of Mobile Infrastructure's stock, with notable increases from firms like Northern Trust Corp and Citadel Advisors LLC in recent months.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $6.50 target price on the stock. Barrington Research's price objective indicates a potential upside of 82.28% from the stock's current price.

Mobile Infrastructure Stock Performance

Shares of Mobile Infrastructure stock traded down $0.01 during midday trading on Tuesday, hitting $3.57. The company had a trading volume of 1,874 shares, compared to its average volume of 48,116. The stock has a market cap of $152.27 million, a price-to-earnings ratio of -11.90 and a beta of 0.55. 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 company has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $3.94. Mobile Infrastructure has a 12-month low of $2.75 and a 12-month high of $4.86.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. As a group, analysts predict that Mobile Infrastructure will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobile Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its stake in Mobile Infrastructure by 116.1% in the 4th quarter. Northern Trust Corp now owns 61,419 shares of the company's stock valued at $276,000 after acquiring an additional 32,995 shares during the period. Jane Street Group LLC purchased a new position in shares of Mobile Infrastructure during the 4th quarter worth $82,000. Citadel Advisors LLC purchased a new position in shares of Mobile Infrastructure during the 4th quarter worth $118,000. Centaurus Financial Inc. raised its holdings in shares of Mobile Infrastructure by 5.3% during the 4th quarter. Centaurus Financial Inc. now owns 57,759 shares of the company's stock worth $260,000 after acquiring an additional 2,894 shares during the period. Finally, CWM LLC raised its holdings in shares of Mobile Infrastructure by 40.5% during the 1st quarter. CWM LLC now owns 60,998 shares of the company's stock worth $254,000 after acquiring an additional 17,569 shares during the period. Institutional investors and hedge funds 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.

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