Mobile Infrastructure (NASDAQ:BEEP) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• Mobile Infrastructure's stock has been given a "sell (E+)" rating by Weiss Ratings, while Barrington Research maintains an "outperform" rating with a $6.50 target price.
• The company reported a net loss with a negative net margin of 28.91% and missed earnings estimates for the last quarter.
• Institutional investors own 84.30% of Mobile Infrastructure's shares, with notable increases in positions by several hedge funds.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Barrington Research reaffirmed an "outperform" rating and set a $6.50 target price on shares of Mobile Infrastructure in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $5.88.

Mobile Infrastructure Stock Down 0.6%

Shares of NASDAQ BEEP traded down $0.02 on Wednesday, reaching $3.42. 43,922 shares of the company's stock traded hands, compared to its average volume of 48,939. Mobile Infrastructure has a 12 month low of $2.75 and a 12 month high of $4.86. The business's 50 day simple moving average is $3.64 and its two-hundred day simple moving average is $3.92. The company has a market cap of $146.03 million, a price-to-earnings ratio of -11.40 and a beta of 0.53. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.17.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last announced its earnings results 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). Mobile Infrastructure had a negative net margin of 28.91% and a negative return on equity of 5.58%. The business had revenue of $8.99 million for the quarter, compared to the consensus estimate of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Mobile Infrastructure will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Mobile Infrastructure by 44.9% during the 2nd quarter. Geode Capital Management LLC now owns 572,065 shares of the company's stock valued at $2,592,000 after purchasing an additional 177,384 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Mobile Infrastructure during the 2nd quarter valued at $367,000. CWM LLC raised its position in shares of Mobile Infrastructure by 40.5% during the 1st quarter. CWM LLC now owns 60,998 shares of the company's stock valued at $254,000 after purchasing an additional 17,569 shares during the period. Connective Capital Management LLC bought a new stake in shares of Mobile Infrastructure during the 1st quarter valued at $223,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Mobile Infrastructure during the 2nd quarter valued at $240,000. Hedge funds and other 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.

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