Shares of Phunware, Inc. (NASDAQ:PHUN – Get Free Report) dropped 1.6% on Monday . The stock traded as low as $6.01 and last traded at $6.20. Approximately 280,955 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 3,648,623 shares. The stock had previously closed at $6.30.
Analyst Ratings Changes
PHUN has been the subject of several research analyst reports. HC Wainwright lifted their price objective on Phunware to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 target price (down from $25.00) on shares of Phunware in a research report on Wednesday, March 13th. Finally, Ascendiant Capital Markets decreased their target price on Phunware from $75.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, April 1st.
Check Out Our Latest Research Report on PHUN
Phunware Price Performance
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.
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