FY2024 EPS Estimates for Phunware Raised by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Analysts at HC Wainwright boosted their FY2024 earnings per share estimates for Phunware in a research note issued to investors 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 ($1.21) 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 cut their price target 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 Price Performance

Shares of Phunware stock opened at $4.93 on Thursday. The company has a 50 day moving average price of $5.32 and a 200 day moving average price of $5.31. The company has a quick ratio of 2.82, a current ratio of 3.80 and a debt-to-equity ratio of 0.02. Phunware has a 52 week low of $2.85 and a 52 week high of $24.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Phunware stock. Virtu Financial LLC bought a new stake in Phunware, Inc. (NASDAQ:PHUN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned about 0.12% of Phunware as of its most recent SEC filing. 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.