Phunware’s (PHUN) “Neutral” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their neutral rating on shares of Phunware (NASDAQ:PHUN) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $2.00 price target on the stock.

Several other equities analysts have also recently commented on PHUN. Wall Street Zen upgraded shares of Phunware from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Phunware in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.25.

Phunware Price Performance

NASDAQ PHUN opened at $1.90 on Wednesday. The firm has a market capitalization of $38.36 million, a price-to-earnings ratio of -3.33 and a beta of 2.64. The company has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $2.16. Phunware has a 52-week low of $1.56 and a 52-week high of $3.88.

Phunware (NASDAQ:PHUN) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. Phunware had a negative net margin of 446.57% and a negative return on equity of 10.11%. The firm had revenue of $0.79 million for the quarter, compared to the consensus estimate of $0.61 million. On average, analysts predict that Phunware will post -0.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHUN. HRT Financial LP bought a new stake in Phunware during the fourth quarter valued at about $25,000. Virtu Financial LLC bought a new position in shares of Phunware in the third quarter worth about $28,000. Jane Street Group LLC lifted its position in shares of Phunware by 2,255.3% during the 1st quarter. Jane Street Group LLC now owns 11,811 shares of the company’s stock worth $35,000 after purchasing an additional 12,359 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Phunware by 98.2% during the 4th quarter. Panagora Asset Management Inc. now owns 28,523 shares of the company’s stock worth $53,000 after purchasing an additional 14,134 shares during the last quarter. Finally, R Squared Ltd boosted its stake in Phunware by 146.6% during the 4th quarter. R Squared Ltd now owns 35,407 shares of the company’s stock valued at $66,000 after purchasing an additional 21,048 shares during the period. Institutional investors own 7.57% of the company’s stock.

Phunware Company Profile

Phunware, Inc (NASDAQ: PHUN) is a technology company specializing in enterprise mobile software and services. Its unified Mobile Application Platform (MAP) delivers a comprehensive suite of cloud-based solutions designed to engage, monetize and analyze audiences across mobile devices. Through its multi-tenant SaaS architecture, Phunware supports the full lifecycle of mobile applications, from development and content management to user identity and data-driven marketing.

The company’s product offerings include location-based services such as indoor and outdoor mapping, real-time wayfinding, geofencing and proximity notifications.