Phunware (NASDAQ:PHUN) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Phunware (NASDAQ:PHUN) released its quarterly earnings data on Monday. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01, Zacks reports. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%.

Phunware Price Performance

PHUN stock traded up $0.09 during trading on Monday, reaching $3.12. 293,442 shares of the company were exchanged, compared to its average volume of 2,276,551. The company has a 50-day moving average of $2.84 and a two-hundred day moving average of $4.13. The company has a market capitalization of $62.93 million, a price-to-earnings ratio of -3.25 and a beta of 2.58. Phunware has a twelve month low of $2.22 and a twelve month high of $14.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 3.80.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Ascendiant Capital Markets lowered their price objective on shares of Phunware from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Roth Capital set a $4.50 price objective on shares of Phunware in a report on Monday, March 24th. Finally, HC Wainwright cut their price objective on shares of Phunware from $6.00 to $3.00 and set a “neutral” rating for the company in a report on Monday, March 24th.

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.