Taglich Brothers Weighs in on Phunware, Inc.’s Q3 2024 Earnings (NASDAQ:PHUN)

Phunware, Inc. (NASDAQ:PHUN) – Research analysts at Taglich Brothers upped their Q3 2024 earnings per share estimates for Phunware in a report released on Tuesday, August 13th. Taglich Brothers analyst H. Halpern now anticipates that the company will earn ($0.26) per share for the quarter, up from their previous forecast of ($0.31). The consensus estimate for Phunware’s current full-year earnings is ($1.47) per share. Taglich Brothers also issued estimates for Phunware’s Q4 2024 earnings at ($0.22) EPS, FY2024 earnings at ($1.17) EPS, Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.76) EPS.

Separately, HC Wainwright lowered their price objective on shares of Phunware from $12.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

Phunware Price Performance

Phunware stock opened at $3.38 on Thursday. The firm’s 50-day moving average is $4.96 and its 200-day moving average is $7.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.77 and a current ratio of 2.77. Phunware has a 1 year low of $3.10 and a 1 year high of $24.49.

Phunware (NASDAQ:PHUN) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.05. The firm had revenue of $1.01 million for the quarter, compared to analyst estimates of $1.14 million. During the same period in the prior year, the company posted ($3.00) earnings per share.

Insiders Place Their Bets

In other news, CEO Michael Snavely sold 6,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $5.67, for a total transaction of $34,020.00. Following the completion of the transaction, the chief executive officer now owns 19,143 shares of the company’s stock, valued at $108,540.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 10,500 shares of company stock valued at $62,849 over the last three months. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Phunware

An institutional investor recently bought a new position in Phunware stock. Virtu Financial LLC bought a new position in Phunware, Inc. (NASDAQ:PHUN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,196 shares of the company’s stock, valued at approximately $91,000. Virtu Financial LLC owned about 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.

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.