Roth Capital analyst Darren Aftahi maintained a Buy rating on Phunware (PHUN – Research Report) today and set a price target of $4.00. The company’s shares closed last Monday at $3.24, close to its 52-week low of $0.82.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 28.3% and a 41.9% success rate. Aftahi covers the Technology sector, focusing on stocks such as Argo Blockchain, Fathom Holdings, and Digital Turbine.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phunware with a $4.75 average price target.
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The company has a one-year high of $24.04 and a one-year low of $0.82. Currently, Phunware has an average volume of 17.39M.
Based on the recent corporate insider activity of 24 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.
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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.
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