HC Wainwright Issues Positive Estimate for Phunware Earnings

Phunware, Inc. (NASDAQ:PHUN) – Equities researchers at HC Wainwright increased their FY2025 earnings per share (EPS) estimates for shares of Phunware in a note issued to investors on Monday, March 24th. HC Wainwright analyst S. Buck now forecasts that the company will post earnings of ($0.39) per share for the year, up from their previous estimate of ($0.52). HC Wainwright currently 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 released its earnings results on Thursday, March 20th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.12. The company had revenue of $0.99 million during the quarter, compared to the consensus estimate of $0.93 million. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%.

Phunware Trading Down 4.3 %

Shares of PHUN stock opened at $3.14 on Wednesday. Phunware has a fifty-two week low of $2.70 and a fifty-two week high of $14.60. The company has a 50 day moving average price of $3.61 and a 200 day moving average price of $4.59. The stock has a market capitalization of $63.34 million, a P/E ratio of -3.27 and a beta of 2.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.80 and a current ratio of 3.80.

Hedge Funds Weigh In On Phunware

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Phunware by 87.9% in the fourth quarter. Geode Capital Management LLC now owns 213,777 shares of the company’s stock valued at $1,112,000 after purchasing an additional 100,010 shares during the period. Soviero Asset Management LP acquired a new stake in Phunware in the 4th quarter valued at about $520,000. Two Sigma Investments LP acquired a new stake in Phunware in the 4th quarter valued at about $392,000. Northern Trust Corp boosted its stake in shares of Phunware by 285.4% in the 4th quarter. Northern Trust Corp now owns 45,809 shares of the company’s stock valued at $238,000 after buying an additional 33,922 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Phunware during the fourth quarter worth about $122,000. 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.