Phunware (NASDAQ:PHUN) Raised to Hold at Wall Street Zen

Phunware (NASDAQ:PHUN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Phunware in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.33.

Phunware Price Performance

Shares of PHUN stock opened at $1.80 on Friday. Phunware has a 12 month low of $1.56 and a 12 month high of $3.88. The firm has a market capitalization of $36.34 million, a P/E ratio of -3.16 and a beta of 2.64. The company’s fifty day moving average price is $1.80 and its two-hundred day moving average price is $2.17.

Phunware (NASDAQ:PHUN) last posted its quarterly earnings data on Friday, March 20th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The company had revenue of $0.79 million during the quarter, compared to analysts’ expectations of $0.61 million. Phunware had a negative net margin of 446.57% and a negative return on equity of 10.11%. On average, sell-side analysts anticipate that Phunware will post -0.97 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. increased its position in shares of Phunware by 38.9% in the 4th quarter. Cantor Fitzgerald L. P. now owns 125,000 shares of the company’s stock worth $231,000 after purchasing an additional 35,000 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Phunware during the third quarter worth about $303,000. Bridgeway Capital Management LLC bought a new position in shares of Phunware during the third quarter worth about $138,000. Jane Street Group LLC grew its stake in Phunware by 44.9% in the fourth quarter. Jane Street Group LLC now owns 73,511 shares of the company’s stock worth $136,000 after purchasing an additional 22,784 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Phunware by 177.6% in the fourth quarter. XTX Topco Ltd now owns 51,289 shares of the company’s stock worth $95,000 after purchasing an additional 32,812 shares in the last quarter. 7.57% of the stock is currently owned by institutional investors.

Phunware Company Profile

Phunware, Inc (NASDAQ: PHUN) is a technology company specializing in enterprise mobile software and services. Its unified Mobile Application Platform (MAP) delivers a comprehensive suite of cloud-based solutions designed to engage, monetize and analyze audiences across mobile devices. Through its multi-tenant SaaS architecture, Phunware supports the full lifecycle of mobile applications, from development and content management to user identity and data-driven marketing.

The company’s product offerings include location-based services such as indoor and outdoor mapping, real-time wayfinding, geofencing and proximity notifications.