Schonfeld Strategic Advisors LLC Buys Shares of 16,322 Phunware, Inc. (NASDAQ:PHUN)

Schonfeld Strategic Advisors LLC bought a new stake in shares of Phunware, Inc. (NASDAQ:PHUN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,322 shares of the company’s stock, valued at approximately $85,000. Schonfeld Strategic Advisors LLC owned 0.08% of Phunware at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PHUN. Geode Capital Management LLC lifted its position 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 period. Marshall Wace LLP bought a new stake in shares of Phunware in the 4th quarter valued at about $122,000. Dimensional Fund Advisors LP bought a new stake in shares of Phunware in the 4th quarter valued at about $89,000. Finally, Northern Trust Corp increased 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 acquiring an additional 33,922 shares during the last quarter. 7.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PHUN. HC Wainwright lowered their price target on Phunware from $6.00 to $3.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Ascendiant Capital Markets lowered their price target on Phunware from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Roth Capital set a $4.50 price target on Phunware in a research note on Monday, March 24th.

Phunware Trading Down 1.0%

NASDAQ:PHUN opened at $3.11 on Thursday. The company has a market cap of $62.73 million, a P/E ratio of -3.84 and a beta of 2.58. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 0.02. Phunware, Inc. has a twelve month low of $2.22 and a twelve month high of $14.60. The business has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $4.07.

Phunware (NASDAQ:PHUN) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $0.69 million during the quarter, compared to the consensus estimate of $0.60 million. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%. As a group, analysts expect that Phunware, Inc. will post -0.97 EPS for the current fiscal year.

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.