Taglich Brothers Predicts Stronger Earnings for Phunware

Phunware, Inc. (NASDAQ:PHUN) – Taglich Brothers boosted their FY2024 EPS estimates for shares of Phunware in a research report issued on Tuesday, November 12th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings per share of ($1.01) for the year, up from their previous estimate of ($1.17). The consensus estimate for Phunware’s current full-year earnings is ($1.15) per share. Taglich Brothers also issued estimates for Phunware’s Q4 2024 earnings at ($0.15) EPS, Q1 2025 earnings at ($0.17) EPS, Q2 2025 earnings at ($0.17) EPS, Q3 2025 earnings at ($0.14) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.56) EPS.

Several other research analysts have also issued reports on the company. HC Wainwright lowered Phunware from a “buy” rating to a “neutral” rating and dropped their target price for the company from $9.00 to $6.00 in a research report on Tuesday, November 12th. Ascendiant Capital Markets dropped their price objective on Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, November 12th.

Phunware Stock Down 9.6 %

Shares of NASDAQ:PHUN opened at $4.46 on Friday. The company has a current ratio of 3.80, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Phunware has a 12 month low of $2.85 and a 12 month high of $24.49. The firm’s 50-day moving average is $5.38 and its 200 day moving average is $5.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Murchinson Ltd. bought a new stake in Phunware during the 1st quarter valued at $90,000. Virtu Financial LLC purchased a new position in shares of Phunware during the first quarter valued at $91,000. Finally, Geode Capital Management LLC raised its holdings in shares of Phunware by 36.6% in the third quarter. Geode Capital Management LLC now owns 113,767 shares of the company’s stock valued at $389,000 after acquiring an additional 30,507 shares in the last quarter. 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.