Taglich Brothers Predicts Weaker Earnings for Phunware

Key Points

• Taglich Brothers has downgraded their earnings per share (EPS) estimates for Phunware in FY2025 to ($0.56), down from a previous estimate of ($0.53), indicating a more negative outlook for the company.
• Phunware recently reported a quarterly EPS of ($0.16), which fell short of analysts' expectations of ($0.15), with revenues of $0.46 million against a forecast of $0.74 million.
• Despite its challenges, Phunware received a price target increase from Ascendiant Capital Markets, raising it from $12.00 to $12.50, while HC Wainwright maintained a "neutral" rating with a price objective of $3.00.

Phunware (NASDAQ:PHUN - Free Report) - Analysts at Taglich Brothers reduced their FY2025 EPS estimates for shares of Phunware in a research note issued to investors on Tuesday, August 12th. Taglich Brothers analyst H. Halpern now expects that the company will post earnings of ($0.56) per share for the year, down from their prior forecast of ($0.53). The consensus estimate for Phunware's current full-year earnings is ($0.97) per share. Taglich Brothers also issued estimates for Phunware's Q4 2025 earnings at ($0.14) EPS, Q2 2026 earnings at ($0.15) EPS, Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at ($0.14) EPS and FY2026 earnings at ($0.60) EPS.

Phunware (NASDAQ:PHUN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.01). The company had revenue of $0.46 million for the quarter, compared to analyst estimates of $0.74 million. Phunware had a negative net margin of 510.83% and a negative return on equity of 12.99%.

A number of other research analysts have also commented on PHUN. Ascendiant Capital Markets upped their price objective on shares of Phunware from $12.00 to $12.50 and gave the company a "buy" rating in a research report on Friday, June 6th. HC Wainwright reaffirmed a "neutral" rating and set a $3.00 price objective on shares of Phunware in a research report on Thursday.

Phunware Stock Performance

Shares of PHUN traded down $0.02 during trading hours on Friday, reaching $2.73. 23,686 shares of the company traded hands, compared to its average volume of 506,923. The stock's fifty day moving average is $3.11 and its 200 day moving average is $3.10. The stock has a market cap of $55.12 million, a P/E ratio of -4.20 and a beta of 2.30. Phunware has a 1-year low of $2.22 and a 1-year high of $14.60.

Institutional Trading of Phunware

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. bought a new stake in Phunware in the first quarter valued at about $30,000. Atria Wealth Solutions Inc. bought a new stake in Phunware in the first quarter valued at about $30,000. Jane Street Group LLC increased its stake in Phunware by 2,255.3% in the first quarter. Jane Street Group LLC now owns 11,811 shares of the company's stock valued at $35,000 after acquiring an additional 12,359 shares during the period. R Squared Ltd bought a new stake in Phunware in the second quarter valued at about $39,000. Finally, Millennium Management LLC bought a new stake in Phunware in the fourth quarter valued at about $57,000. 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.

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