HC Wainwright Analysts Boost Earnings Estimates for Phunware

Phunware, Inc. (NASDAQ:PHUN - Free Report) - Investment analysts at HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for shares of Phunware in a research report issued on Tuesday, November 12th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings of ($1.07) per share for the year, up from their prior forecast of ($1.24). HC Wainwright has a "Neutral" rating and a $6.00 price objective on the stock. The consensus estimate for Phunware's current full-year earnings is ($1.21) per share. HC Wainwright also issued estimates for Phunware's Q4 2024 earnings at ($0.17) EPS and FY2025 earnings at ($0.52) EPS.

Separately, Ascendiant Capital Markets lowered their price objective on Phunware from $20.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday.

Phunware Stock Down 0.4 %

PHUN stock traded down $0.02 during midday trading on Thursday, hitting $4.98. The stock had a trading volume of 2,027,747 shares, compared to its average volume of 3,360,980. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 2.82. The business has a 50-day moving average of $5.32 and a two-hundred day moving average of $5.31. Phunware has a 52-week low of $2.85 and a 52-week high of $24.49.

Hedge Funds Weigh In On Phunware

A hedge fund recently bought a new stake in Phunware stock. Murchinson Ltd. bought a new position in Phunware, Inc. (NASDAQ:PHUN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the company's stock, valued at approximately $90,000. Murchinson Ltd. owned about 0.12% of Phunware as of its most recent filing with the SEC. Hedge funds and other institutional investors own 7.57% of the company's stock.

About Phunware

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.