HC Wainwright Issues Positive Outlook for Phunware Earnings

Phunware, Inc. (NASDAQ:PHUN - Free Report) - Equities research analysts at HC Wainwright lifted their FY2025 earnings per share (EPS) estimates for Phunware in a report released on Monday, March 24th. HC Wainwright analyst S. Buck now forecasts that the company will earn ($0.39) per share for the year, up from their prior forecast of ($0.52). HC Wainwright has a "Neutral" rating and a $3.00 price target on the stock. The consensus estimate for Phunware's current full-year earnings is ($0.97) per share.

Phunware Trading Down 4.5 %

Shares of PHUN traded down $0.14 during mid-day trading on Wednesday, reaching $2.95. The company's stock had a trading volume of 243,812 shares, compared to its average volume of 2,300,077. Phunware has a 52 week low of $2.70 and a 52 week high of $14.60. The stock has a market cap of $59.50 million, a PE ratio of -3.07 and a beta of 2.45. The company's fifty day moving average price is $3.51 and its two-hundred day moving average price is $4.58. The company has a current ratio of 3.80, a quick 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) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.12. The firm had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.93 million. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%.

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Institutional Trading of Phunware

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Phunware by 36.6% during the third quarter. Geode Capital Management LLC now owns 113,767 shares of the company's stock valued at $389,000 after buying an additional 30,507 shares during the last quarter. Millennium Management LLC purchased a new stake in Phunware during the 4th quarter valued at about $57,000. Two Sigma Investments LP bought a new position in Phunware during the 4th quarter worth approximately $392,000. Northern Trust Corp increased its stake in Phunware by 285.4% in the 4th quarter. Northern Trust Corp now owns 45,809 shares of the company's stock worth $238,000 after purchasing an additional 33,922 shares during the period. Finally, Soviero Asset Management LP bought a new stake in Phunware in the fourth quarter valued at approximately $520,000. 7.57% of the stock is owned by institutional investors.

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.