Phunware (NASDAQ:PHUN – Free Report) had its price objective hoisted by HC Wainwright from $7.00 to $9.00 in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.
Separately, Ascendiant Capital Markets cut their target price on Phunware from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.
View Our Latest Stock Report on Phunware
Phunware Stock Performance
Phunware (NASDAQ:PHUN – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.05. The business had revenue of $1.01 million for the quarter, compared to the consensus estimate of $1.14 million. During the same quarter last year, the firm earned ($3.00) EPS. Research analysts anticipate that Phunware will post -1.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Phunware
A hedge fund recently bought a new stake in Phunware stock. Virtu Financial LLC bought a new stake in Phunware, Inc. (NASDAQ:PHUN – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned approximately 0.12% of Phunware as of its most recent filing with the Securities and Exchange Commission. 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.
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