Phunware’s (PHUN) Neutral Rating Reiterated at HC Wainwright

HC Wainwright reiterated their neutral rating on shares of Phunware (NASDAQ:PHUN) in a report issued on Wednesday,Benzinga reports. The firm currently has a $2.00 price target on the stock. HC Wainwright also issued estimates for Phunware’s Q1 2026 earnings at ($0.17) EPS, Q2 2026 earnings at ($0.14) EPS, Q3 2026 earnings at ($0.11) EPS, Q4 2026 earnings at ($0.13) EPS and FY2026 earnings at ($0.57) EPS.

A number of other analysts have also issued reports on PHUN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Phunware in a research note on Monday, December 29th. Wall Street Zen upgraded Phunware from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.25.

Phunware Trading Down 4.0%

Phunware stock opened at $1.67 on Wednesday. Phunware has a 1-year low of $1.56 and a 1-year high of $3.88. The firm has a market capitalization of $33.72 million, a price-to-earnings ratio of -2.93 and a beta of 2.64. The firm has a 50 day simple moving average of $1.79 and a 200 day simple moving average of $2.15.

Phunware (NASDAQ:PHUN) last posted its earnings results on Thursday, March 19th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. Phunware had a negative return on equity of 10.11% and a negative net margin of 446.57%.The firm had revenue of $0.79 million for the quarter, compared to the consensus estimate of $0.61 million. On average, equities research analysts forecast that Phunware will post -0.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PHUN. Citadel Advisors LLC purchased a new stake in shares of Phunware in the third quarter worth $303,000. Cantor Fitzgerald L. P. purchased a new position in Phunware during the third quarter worth about $248,000. Bridgeway Capital Management LLC bought a new position in Phunware in the 3rd quarter worth about $138,000. XTX Topco Ltd increased its stake in Phunware by 177.6% in the 4th quarter. XTX Topco Ltd now owns 51,289 shares of the company’s stock worth $95,000 after acquiring an additional 32,812 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Phunware by 13,900.9% in the 3rd quarter. Bank of America Corp DE now owns 30,522 shares of the company’s stock valued at $84,000 after acquiring an additional 30,304 shares in the last quarter. Institutional investors own 7.57% of the company’s stock.

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.