FY2025 EPS Estimates for Phunware Raised by HC Wainwright

Phunware, Inc. (NASDAQ:PHUN) – Equities researchers at HC Wainwright raised their FY2025 EPS estimates for shares of Phunware in a research report issued 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 currently has a “Neutral” rating and a $3.00 price objective on the stock. The consensus estimate for Phunware’s current full-year earnings is ($0.97) per share.

Phunware Stock Performance

NASDAQ:PHUN opened at $3.09 on Wednesday. The firm has a market capitalization of $62.33 million, a PE ratio of -3.22 and a beta of 2.45. The stock’s fifty day moving average is $3.56 and its 200 day moving average is $4.58. Phunware has a fifty-two week low of $2.70 and a fifty-two week high of $14.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.80 and a current ratio of 3.80.

Phunware (NASDAQ:PHUN) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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%.

Institutional Investors Weigh In On Phunware

Several hedge funds and other institutional investors have recently made changes to their positions in PHUN. Geode Capital Management LLC grew its holdings in Phunware by 87.9% during the 4th 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 last quarter. Soviero Asset Management LP bought a new position in shares of Phunware during the fourth quarter valued at approximately $520,000. Two Sigma Investments LP bought a new position in shares of Phunware during the fourth quarter valued at approximately $392,000. Northern Trust Corp raised its holdings in shares of Phunware by 285.4% in the fourth quarter. Northern Trust Corp now owns 45,809 shares of the company’s stock worth $238,000 after buying an additional 33,922 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Phunware during the 4th quarter worth approximately $122,000. 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.