Weiss Ratings Reiterates "Sell (E+)" Rating for Mobile Infrastructure (NASDAQ:BEEP)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for Mobile Infrastructure (NASDAQ:BEEP), indicating ongoing concerns about the company's performance.
• Barrington Research rates Mobile Infrastructure as "outperform" with a price target of $6.50, contrasting with the prevailing "Moderate Buy" consensus and an average target price of $5.88.
• Mobile Infrastructure's recent earnings report revealed a loss of ($0.11) per share, missing expectations and contributing to its negative net margin of 28.91%.

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

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $6.50 price target on shares of Mobile Infrastructure in a report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.88.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP traded up $0.07 during mid-day trading on Friday, hitting $3.70. The stock had a trading volume of 73,981 shares, compared to its average volume of 50,044. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.10 and a current ratio of 0.10. The company has a 50 day moving average of $3.56 and a two-hundred day moving average of $3.85. Mobile Infrastructure has a twelve month low of $2.75 and a twelve month high of $4.86. The firm has a market cap of $157.99 million, a PE ratio of -12.33 and a beta of 0.53.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.11) earnings per share (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 firm had revenue of $8.99 million during the quarter, compared to analyst estimates of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. Research analysts predict that Mobile Infrastructure will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobile Infrastructure

Several hedge funds have recently modified their holdings of BEEP. MAI Capital Management boosted 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Mobile Infrastructure during the 2nd quarter worth about $36,000. Raymond James Financial Inc. purchased a new stake in shares of Mobile Infrastructure during the 2nd quarter worth about $39,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Mobile Infrastructure during the 2nd quarter worth about $54,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mobile Infrastructure by 60,134.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company's stock worth $63,000 after acquiring an additional 13,831 shares in the last quarter. 84.30% of the stock is owned by hedge funds and other institutional investors.

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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