Phunware FY2024 EPS Estimate Boosted by Taglich Brothers

Phunware, Inc. (NASDAQ:PHUN) – Analysts at Taglich Brothers increased their FY2024 earnings per share (EPS) estimates for shares of Phunware in a research note issued to investors 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.

Several other equities analysts have also recently weighed in on PHUN. 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, November 12th. HC Wainwright lowered Phunware from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.00 to $6.00 in a research report on Tuesday, November 12th.

Phunware Trading Down 9.6 %

Phunware stock opened at $4.46 on Friday. Phunware has a 1 year low of $2.85 and a 1 year high of $24.49. The firm’s 50 day moving average price is $5.38 and its 200-day moving average price is $5.29. The company has a current ratio of 3.80, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Phunware

Several institutional investors have recently bought and sold shares of PHUN. Geode Capital Management LLC increased its holdings in shares of Phunware by 36.6% in the 3rd quarter. Geode Capital Management LLC now owns 113,767 shares of the company’s stock worth $389,000 after buying an additional 30,507 shares during the last quarter. Virtu Financial LLC bought a new stake in Phunware during the first quarter worth approximately $91,000. Finally, Murchinson Ltd. purchased a new stake in Phunware during the first quarter valued at approximately $90,000. 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.