FY2024 EPS Estimates for Phunware Raised by Taglich Brothers

Phunware, Inc. (NASDAQ:PHUN) – Stock analysts at Taglich Brothers increased their FY2024 earnings per share estimates for shares of Phunware in a report released on Tuesday, November 12th. Taglich Brothers analyst H. Halpern now anticipates 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 research firms have also recently weighed in on PHUN. Ascendiant Capital Markets cut their price objective on Phunware from $20.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday. HC Wainwright cut shares of Phunware from a “buy” rating to a “neutral” rating and lowered their target price for the company from $9.00 to $6.00 in a research note on Tuesday.

Phunware Price Performance

NASDAQ PHUN opened at $4.93 on Friday. The stock’s 50-day moving average is $5.32 and its two-hundred day moving average is $5.31. Phunware has a fifty-two week low of $2.85 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Phunware stock. Murchinson Ltd. purchased a new stake in shares of Phunware, Inc. (NASDAQ:PHUN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $90,000. Murchinson Ltd. owned 0.12% of Phunware as of its most recent SEC filing. 7.57% of the stock is owned by hedge funds and other institutional investors.

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.