Roth Capital Analysts Boost Earnings Estimates for Phunware

Phunware, Inc. (NASDAQ:PHUN - Free Report) - Stock analysts at Roth Capital raised their Q1 2025 earnings estimates for shares of Phunware in a research note issued to investors on Monday, March 24th. Roth Capital analyst D. Aftahi now expects that the company will earn ($0.17) per share for the quarter, up from their prior forecast of ($0.38). The consensus estimate for Phunware's current full-year earnings is ($0.97) per share. Roth Capital also issued estimates for Phunware's Q2 2025 earnings at ($0.18) EPS, Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.71) EPS.

Separately, HC Wainwright dropped their price target on Phunware from $6.00 to $3.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th.

Phunware Trading Down 1.5 %

Shares of PHUN traded down $0.05 during mid-day trading on Thursday, hitting $2.91. 122,556 shares of the company's stock traded hands, compared to its average volume of 2,291,416. Phunware has a 1 year low of $2.70 and a 1 year high of $14.60. The firm has a market capitalization of $58.60 million, a P/E ratio of -3.05 and a beta of 2.45. The business's 50-day moving average price is $3.51 and its 200-day moving average price is $4.59. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 0.02.

Phunware (NASDAQ:PHUN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.12. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%. The firm had revenue of $0.99 million during the quarter, compared to the consensus estimate of $0.93 million.

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Hedge Funds Weigh In On Phunware

A number of hedge funds have recently bought and sold shares of PHUN. Millennium Management LLC purchased a new stake in shares of Phunware during the fourth quarter valued at approximately $57,000. Schonfeld Strategic Advisors LLC bought a new stake in Phunware in the 4th quarter worth about $85,000. Dimensional Fund Advisors LP purchased a new position in Phunware in the 4th quarter worth about $89,000. Marshall Wace LLP bought a new position in Phunware during the 4th quarter valued at about $122,000. Finally, Northern Trust Corp boosted its holdings in shares of Phunware by 285.4% during the 4th quarter. Northern Trust Corp now owns 45,809 shares of the company's stock valued at $238,000 after acquiring an additional 33,922 shares during the last quarter. Institutional investors own 7.57% of the company's stock.

Phunware Company Profile

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.