Geode Capital Management LLC Increases Stock Holdings in Phunware, Inc. (NASDAQ:PHUN)

Geode Capital Management LLC grew its position in shares of Phunware, Inc. (NASDAQ:PHUN - Free Report) by 87.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,777 shares of the company's stock after buying an additional 100,010 shares during the period. Geode Capital Management LLC owned approximately 1.06% of Phunware worth $1,112,000 at the end of the most recent quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on PHUN shares. Roth Capital set a $4.50 target price on shares of Phunware in a research report on Monday, March 24th. Ascendiant Capital Markets cut their target price on Phunware from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, HC Wainwright dropped their price target on Phunware from $6.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, March 24th.

Phunware Price Performance

NASDAQ:PHUN traded up $0.04 during mid-day trading on Friday, reaching $3.01. The stock had a trading volume of 177,448 shares, compared to its average volume of 2,284,868. The stock has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $4.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 3.80. Phunware, Inc. has a 12 month low of $2.22 and a 12 month high of $14.60. The stock has a market capitalization of $60.71 million, a PE ratio of -3.14 and a beta of 2.35.

Phunware (NASDAQ:PHUN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.12. The company had revenue of $0.99 million for the quarter, compared to the consensus estimate of $0.93 million. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%. On average, equities analysts anticipate that Phunware, Inc. will post -0.97 earnings per share for the current year.

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.