In a report released today, Darren Aftahi from Roth MKM maintained a Buy rating on Phunware (PHUN – Research Report), with a price target of $0.50. The company’s shares opened today at $0.35.
Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Veritone, and Direct Digital Holdings. According to TipRanks, Aftahi has an average return of 9.4% and a 37.13% success rate on recommended stocks.
Currently, the analyst consensus on Phunware is a Moderate Buy with an average price target of $2.38.
See Insiders’ Hot Stocks on TipRanks >>
Based on Phunware’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.75 million and a GAAP net loss of $4.27 million. In comparison, last year the company earned a revenue of $6.78 million and had a GAAP net loss of $14.92 million
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:
- PHUN Upcoming Earnings Report: What to Expect?
- Phunware partners with MKT Consulting for high-rise in Houston
- Phunware Partners With MKT Consulting to Digitally Transform Resident Experience at New Luxury High-Rise in Houston
- Phunware Sets Second Quarter 2023 Earnings Call for Thursday, August 10, 2023 at 4:30 p.m. ET
- Phunware Announces Strategic Cost Saving Measures to Accelerate Path to Profitability
