FY2024 EPS Estimates for Phunware Lifted by Taglich Brothers

Phunware, Inc. (NASDAQ:PHUN) – Taglich Brothers boosted their FY2024 earnings per share estimates for shares of Phunware in a report released on Tuesday, November 12th. Taglich Brothers analyst H. Halpern now anticipates that the company will earn ($1.01) per share 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.

A number of other brokerages have also issued reports on PHUN. Ascendiant Capital Markets cut their target price on shares of Phunware from $20.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday. HC Wainwright cut Phunware from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $6.00 in a research note on Tuesday.

Phunware Stock Down 9.6 %

PHUN opened at $4.46 on Friday. Phunware has a 12-month low of $2.85 and a 12-month high of $24.49. The company has a quick ratio of 2.82, a current ratio of 3.80 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $5.35 and its 200 day moving average price is $5.31.

Institutional Investors Weigh In On Phunware

A hedge fund recently bought a new stake in Phunware stock. Murchinson Ltd. bought a new stake in shares of Phunware, Inc. (NASDAQ:PHUN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned about 0.12% of Phunware at the end of the most recent 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.