HC Wainwright Issues Negative Outlook for Phunware Earnings

Key Points

• HC Wainwright has revised its Q3 2025 earnings estimate for Phunware to ($0.13) per share, slightly down from a previous estimate of ($0.12), with a current Neutral rating and a price target of $3.00.
• Phunware reported Q2 earnings of ($0.16) EPS, missing the consensus estimate of ($0.15), and revenue of $0.46 million, underperforming compared to the expected $0.74 million.
• Institutional ownership of Phunware is relatively low at 7.57%, but notable increases in stakes were observed from firms like Geode Capital, which raised its stake by 87.9% during the last quarter.

Phunware (NASDAQ:PHUN - Free Report) - HC Wainwright decreased their Q3 2025 earnings estimates for shares of Phunware in a report issued on Thursday, August 14th. HC Wainwright analyst S. Buck now forecasts that the company will earn ($0.13) per share for the quarter, down from their prior estimate of ($0.12). HC Wainwright currently has a "Neutral" rating and a $3.00 price objective on the stock. The consensus estimate for Phunware's current full-year earnings is ($0.97) per share. HC Wainwright also issued estimates for Phunware's Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($0.58) EPS and FY2026 earnings at ($0.58) EPS.

Separately, Ascendiant Capital Markets increased 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. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $6.67.

Phunware Stock Performance

Shares of NASDAQ:PHUN traded up $0.15 during trading hours on Monday, reaching $2.73. The stock had a trading volume of 133,814 shares, compared to its average volume of 310,333. Phunware has a 1 year low of $2.22 and a 1 year high of $14.60. The firm's 50 day moving average is $3.02 and its 200-day moving average is $3.05. The stock has a market capitalization of $55.11 million, a price-to-earnings ratio of -4.20 and a beta of 2.30.

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). Phunware had a negative net margin of 510.83% and a negative return on equity of 12.99%. The firm had revenue of $0.46 million during the quarter, compared to analysts' expectations of $0.74 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new position in shares of Phunware in the 1st quarter valued at $30,000. Atria Wealth Solutions Inc. acquired a new stake in Phunware during the 1st quarter worth $30,000. Jane Street Group LLC boosted its stake in Phunware by 2,255.3% during the 1st quarter. Jane Street Group LLC now owns 11,811 shares of the company's stock worth $35,000 after purchasing an additional 12,359 shares during the period. R Squared Ltd acquired a new stake in Phunware during the 2nd quarter worth $39,000. Finally, Millennium Management LLC acquired a new stake in Phunware during the 4th quarter worth $57,000. Institutional investors and hedge funds own 7.57% of the company's stock.

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.