Phunware (NASDAQ:PHUN) Announces Earnings Results, Beats Estimates By $0.02 EPS

Phunware (NASDAQ:PHUN) issued its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02, Zacks reports. The company had revenue of $0.62 million during the quarter, compared to analysts’ expectations of $0.53 million. Phunware had a negative return on equity of 10.32% and a negative net margin of 505.26%.

Phunware Stock Up 0.4%

Shares of PHUN stock traded up $0.01 on Friday, reaching $2.28. The company had a trading volume of 169,060 shares, compared to its average volume of 208,233. The business’s 50-day moving average is $2.71 and its 200 day moving average is $2.91. Phunware has a one year low of $2.21 and a one year high of $6.42. The stock has a market capitalization of $46.03 million, a PE ratio of -4.38 and a beta of 2.39.

Institutional Trading of Phunware

A hedge fund recently raised its stake in Phunware stock. Jane Street Group LLC increased its holdings in shares of Phunware (NASDAQ:PHUN) by 2,255.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,811 shares of the company’s stock after buying an additional 12,359 shares during the period. Jane Street Group LLC owned about 0.06% of Phunware worth $35,000 at the end of the most recent quarter. 7.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PHUN has been the subject of several recent research reports. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Phunware in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.67.

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.