Brokers Offer Predictions for Phunware FY2024 Earnings

Phunware, Inc. (NASDAQ:PHUN) – Investment analysts at Taglich Brothers boosted their FY2024 earnings per share (EPS) estimates for Phunware in a research note issued on Tuesday, November 12th. Taglich Brothers analyst H. Halpern now expects that the company will earn ($1.01) per share for the year, up from their previous forecast 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.

Other analysts have also issued reports about the stock. Ascendiant Capital Markets cut their target price on shares of Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday. HC Wainwright lowered Phunware from a “buy” rating to a “neutral” rating and cut their target price for the stock from $9.00 to $6.00 in a research report on Tuesday.

Phunware Price Performance

Shares of NASDAQ PHUN opened at $4.93 on Friday. Phunware has a twelve month low of $2.85 and a twelve month high of $24.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 2.82. The firm has a 50-day moving average of $5.32 and a two-hundred day moving average of $5.31.

Hedge Funds Weigh In On Phunware

An institutional investor recently bought a new position in Phunware stock. Murchinson Ltd. acquired a new position in Phunware, Inc. (NASDAQ:PHUN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned approximately 0.12% of Phunware at the end of the most recent quarter. 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.