FY2025 EPS Estimates for Phunware Increased by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Equities researchers at HC Wainwright increased their FY2025 earnings estimates for shares of Phunware in a research note issued on Monday, March 24th. HC Wainwright analyst S. Buck now anticipates 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 objective on the stock. The consensus estimate for Phunware’s current full-year earnings is ($0.97) per share.

Phunware Price Performance

PHUN opened at $3.09 on Wednesday. The company has a market capitalization of $62.33 million, a price-to-earnings ratio of -3.22 and a beta of 2.45. 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 has a 12-month low of $2.70 and a 12-month high of $14.60. The business’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $4.58.

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

Institutional Trading of Phunware

A number of hedge funds have recently added to or reduced their stakes in PHUN. Millennium Management LLC bought a new stake in shares of Phunware in the 4th quarter valued at about $57,000. Schonfeld Strategic Advisors LLC purchased a new position in Phunware during the fourth quarter valued at approximately $85,000. Dimensional Fund Advisors LP purchased a new position in Phunware during the fourth quarter valued at approximately $89,000. Marshall Wace LLP bought a new position in Phunware in the fourth quarter worth approximately $122,000. Finally, Northern Trust Corp lifted 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 buying an additional 33,922 shares during the period. 7.57% of the stock is owned by hedge funds and other 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.