Mobile Infrastructure (NASDAQ:BEEP) Issues Earnings Results

Mobile Infrastructure (NASDAQ:BEEP) announced its earnings results on Monday. The company reported ($0.19) EPS for the quarter, FiscalAI reports. The company had revenue of $8.76 million for the quarter. Mobile Infrastructure had a negative net margin of 42.13% and a negative return on equity of 6.87%.

Mobile Infrastructure Stock Performance

Shares of NASDAQ BEEP traded up $0.01 during trading on Monday, reaching $3.05. 31,834 shares of the stock traded hands, compared to its average volume of 50,948. Mobile Infrastructure has a 52-week low of $2.50 and a 52-week high of $4.67. The stock has a market capitalization of $129.02 million, a P/E ratio of -7.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.08 and a quick ratio of 0.08. The company has a 50-day moving average of $2.89 and a 200-day moving average of $3.19.

Institutional Trading of Mobile Infrastructure

Several institutional investors have recently added to or reduced their stakes in BEEP. Goldman Sachs Group Inc. grew its stake in shares of Mobile Infrastructure by 104.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock worth $170,000 after buying an additional 20,741 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Mobile Infrastructure by 85.1% during the first quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after buying an additional 15,484 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Mobile Infrastructure during the first quarter valued at approximately $80,000. Geode Capital Management LLC raised its holdings in Mobile Infrastructure by 44.9% in the 2nd quarter. Geode Capital Management LLC now owns 572,065 shares of the company’s stock worth $2,592,000 after acquiring an additional 177,384 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Mobile Infrastructure by 60,134.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,854 shares of the company’s stock valued at $63,000 after acquiring an additional 13,831 shares in the last quarter. 84.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on BEEP shares. Wall Street Zen downgraded Mobile Infrastructure to a “strong sell” rating in a report on Saturday, December 27th. Barrington Research reiterated an “outperform” rating and issued a $6.50 target price on shares of Mobile Infrastructure in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mobile Infrastructure in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.50.

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.