Phunware FY2024 EPS Estimate Increased by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – HC Wainwright boosted their FY2024 earnings per share estimates for Phunware in a research report issued on Tuesday, November 12th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings per share of ($1.07) for the year, up from their prior estimate 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 ($1.15) 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 dropped their price objective on shares of Phunware from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday.

Phunware Stock Down 9.6 %

Shares of PHUN opened at $4.46 on Thursday. The business’s fifty day moving average is $5.35 and its 200 day moving average is $5.31. 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.

Institutional Investors Weigh In On Phunware

An institutional investor recently bought a new position in Phunware stock. Virtu Financial LLC acquired a new position in shares of Phunware, Inc. (NASDAQ:PHUN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned about 0.12% of Phunware at the end of the most recent reporting period. Institutional investors and hedge funds 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.