Phunware (NASDAQ:PHUN) Price Target Lowered to $3.00 at HC Wainwright

Phunware (NASDAQ:PHUN - Get Free Report) had its target price lowered by HC Wainwright from $6.00 to $3.00 in a report released on Monday, Marketbeat.com reports. The brokerage currently has a "neutral" rating on the stock. HC Wainwright's price objective would indicate a potential upside of 1.69% from the stock's previous close. HC Wainwright also issued estimates for Phunware's Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.09) EPS, Q4 2025 earnings at ($0.12) EPS and FY2025 earnings at ($0.39) EPS.

Phunware Trading Down 4.5 %

Shares of PHUN stock traded down $0.14 on Monday, reaching $2.95. 243,812 shares of the stock were exchanged, compared to its average volume of 2,300,077. The firm has a 50 day moving average of $3.51 and a two-hundred day moving average of $4.57. Phunware has a 1-year low of $2.70 and a 1-year high of $14.60. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 0.02. The stock has a market cap of $59.50 million, a P/E ratio of -3.07 and a beta of 2.45.

Phunware (NASDAQ:PHUN - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.12. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%. The firm had revenue of $0.99 million during the quarter, compared to the consensus estimate of $0.93 million. On average, research analysts anticipate that Phunware will post -0.97 EPS for the current year.

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Institutional Trading of Phunware

Several large investors have recently added to or reduced their stakes in PHUN. Millennium Management LLC bought a new position in Phunware during the 4th quarter valued at $57,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Phunware in the fourth quarter valued at $85,000. Dimensional Fund Advisors LP bought a new position in Phunware during the fourth quarter valued at about $89,000. Marshall Wace LLP acquired a new position in Phunware during the fourth quarter worth about $122,000. Finally, Northern Trust Corp grew its holdings in Phunware by 285.4% during the fourth quarter. Northern Trust Corp now owns 45,809 shares of the company's stock worth $238,000 after acquiring an additional 33,922 shares during the period. 7.57% of the stock is currently owned by institutional investors and hedge funds.

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.