Taglich Brothers Raises Earnings Estimates for Phunware

Phunware, Inc. (NASDAQ:PHUN) – Equities research analysts at Taglich Brothers increased their FY2024 EPS estimates for shares of Phunware in a research note issued on Tuesday, November 12th. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings per share of ($1.01) for the year, up from their prior 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.

PHUN has been the subject of several other reports. HC Wainwright downgraded Phunware from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $9.00 to $6.00 in a research report on Tuesday. Ascendiant Capital Markets decreased their price target on Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday.

Phunware Stock Down 9.6 %

Phunware stock opened at $4.46 on Friday. The firm has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $5.31. Phunware has a 52-week low of $2.85 and a 52-week 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.

Institutional Investors 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) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned approximately 0.12% of Phunware as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.57% of the company’s stock.

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.