Geode Capital Management LLC boosted its position in Phunware, Inc. (NASDAQ:PHUN - Free Report) by 87.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,777 shares of the company's stock after purchasing an additional 100,010 shares during the period. Geode Capital Management LLC owned 1.06% of Phunware worth $1,112,000 at the end of the most recent quarter.
Phunware Trading Down 1.0 %
Phunware stock traded down $0.03 during trading hours on Tuesday, reaching $2.86. 79,163 shares of the company's stock were exchanged, compared to its average volume of 2,283,825. The firm's 50 day simple moving average is $2.84 and its 200 day simple moving average is $4.34. Phunware, Inc. has a twelve month low of $2.22 and a twelve month high of $14.60. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $57.69 million, a PE ratio of -2.98 and a beta of 2.58.
Phunware (NASDAQ:PHUN - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.12. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%. The business had revenue of $0.99 million during the quarter, compared to analysts' expectations of $0.93 million. Research analysts predict that Phunware, Inc. will post -0.97 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Roth Capital set a $4.50 price target on Phunware in a research report on Monday, March 24th. HC Wainwright decreased their target price on shares of Phunware from $6.00 to $3.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Finally, Ascendiant Capital Markets dropped their price target on shares of Phunware from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.
Read Our Latest Analysis on Phunware
Phunware Profile
(
Free Report)
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.
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