In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Phunware (PHUN – Research Report), with a price target of $2.75. The company’s shares closed last Friday at $1.00.
Aftahi covers the Technology sector, focusing on stocks such as Shopify, Digital Turbine, and fuboTV. According to TipRanks, Aftahi has an average return of 12.6% and a 38.52% success rate on recommended stocks.
Phunware has an analyst consensus of Moderate Buy, with a price target consensus of $3.13.
See today’s best-performing stocks on TipRanks >>
Based on Phunware’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.49 million and a GAAP net loss of $17.07 million. In comparison, last year the company earned a revenue of $2.16 million and had a net profit of $372 thousand
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PHUN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Phunware, Inc. engages in the development of a Multiscreen-as-a-Service platform, an enterprise cloud platform for mobile. It provides companies the products, solutions, data, and services necessary to engage, manage, and monetize mobile application portfolios and audiences at scale. Its platform also allows for the licensing and creation of category-defining mobile experiences for brands and their application users worldwide. The company was founded by Alan S. Knitowski and Luan Dang in February 2009 and is headquartered in Austin, TX.
Read More on PHUN:
