Mobile Infrastructure (NASDAQ:BEEP) Downgraded by Wall Street Zen to Strong Sell

Mobile Infrastructure (NASDAQ:BEEP) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a note issued to investors on Saturday.

Several other research analysts also recently commented on BEEP. Weiss Ratings reissued a “sell (d)” rating on shares of Mobile Infrastructure in a research note on Monday. Barrington Research reaffirmed an “outperform” rating and set a $6.50 price target on shares of Mobile Infrastructure in a report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.88.

Mobile Infrastructure Price Performance

Mobile Infrastructure stock opened at $2.81 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.08 and a current ratio of 0.08. Mobile Infrastructure has a 52 week low of $2.50 and a 52 week high of $4.84. The stock has a market capitalization of $118.86 million, a P/E ratio of -7.21 and a beta of 0.53. The stock has a fifty day moving average of $3.10 and a 200-day moving average of $3.55.

Institutional Trading of Mobile Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Mobile Infrastructure by 44.9% in the second 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 period. Cresset Asset Management LLC grew its holdings in Mobile Infrastructure by 5.1% during the 3rd quarter. Cresset Asset Management LLC now owns 85,240 shares of the company’s stock worth $300,000 after acquiring an additional 4,135 shares during the last quarter. North Star Investment Management Corp. increased its position in Mobile Infrastructure by 28.3% in the 3rd quarter. North Star Investment Management Corp. now owns 68,000 shares of the company’s stock valued at $239,000 after acquiring an additional 15,000 shares during the period. Connective Capital Management LLC raised its stake in shares of Mobile Infrastructure by 10.8% during the third quarter. Connective Capital Management LLC now owns 60,973 shares of the company’s stock valued at $215,000 after acquiring an additional 5,929 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Mobile Infrastructure by 104.1% during the first quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock worth $170,000 after purchasing an additional 20,741 shares during the period. 84.30% of the stock is currently owned by institutional investors.

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. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.