Taglich Brothers Lowers Earnings Estimates 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 cut their FY2025 earnings per share estimates for shares of Phunware in a note issued to investors on Tuesday, August 12th. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of ($0.56) for the year, down from their prior estimate 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 released its quarterly earnings data on Friday, August 8th. The company reported ($0.16) earnings per share 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 analysts' expectations of $0.74 million. Phunware had a negative net margin of 510.83% and a negative return on equity of 12.99%.

Several other brokerages have also weighed in on PHUN. HC Wainwright restated a "neutral" rating and issued a $3.00 price target on shares of Phunware in a research note on Thursday, August 14th. Ascendiant Capital Markets lifted their price target on Phunware from $12.00 to $12.50 and gave the company a "buy" rating in a research note on Friday, June 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $6.67.

Phunware Trading Down 1.9%

Shares of NASDAQ PHUN traded down $0.05 during trading on Friday, reaching $2.56. 164,770 shares of the company traded hands, compared to its average volume of 501,799. Phunware has a 12-month low of $2.22 and a 12-month high of $14.60. The firm's fifty day simple moving average is $3.06 and its 200 day simple moving average is $3.07. The stock has a market cap of $51.68 million, a P/E ratio of -3.94 and a beta of 2.30.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. acquired a new position in Phunware in the first quarter valued at approximately $30,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Phunware during the first quarter worth $30,000. Millennium Management LLC purchased a new stake in shares of Phunware during the fourth quarter worth $57,000. Jane Street Group LLC increased its position in shares of Phunware by 2,255.3% during the first quarter. Jane Street Group LLC now owns 11,811 shares of the company's stock worth $35,000 after acquiring an additional 12,359 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Phunware during the second quarter worth $39,000. 7.57% of the stock is currently owned by institutional investors and hedge funds.

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.