FY2025 EPS Estimates for Phunware Lifted by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Investment analysts at HC Wainwright lifted their FY2025 EPS estimates for Phunware in a research report issued to clients and investors on Monday, March 24th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of ($0.39) 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 (NASDAQ:PHUN) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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%.

Phunware Price Performance

Shares of NASDAQ PHUN opened at $3.28 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 3.80. Phunware has a 1 year low of $2.70 and a 1 year high of $14.60. The stock has a market capitalization of $66.16 million, a P/E ratio of -3.42 and a beta of 2.45. The company’s 50-day moving average is $3.66 and its 200 day moving average is $4.60.

Hedge Funds Weigh In On Phunware

A number of hedge funds have recently bought and sold shares of PHUN. Millennium Management LLC purchased a new position in Phunware during the fourth quarter valued at $57,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Phunware in the 4th quarter worth about $85,000. Dimensional Fund Advisors LP purchased a new stake in Phunware during the fourth quarter valued at approximately $89,000. Marshall Wace LLP purchased a new stake in Phunware during the 4th quarter valued at $122,000. Finally, Northern Trust Corp lifted its holdings in shares of 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 acquiring an additional 33,922 shares during the last quarter. Hedge funds and other 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.