Bandwidth (NASDAQ:BAND – Free Report) had its price target increased by Citizens Jmp from $45.00 to $70.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.
Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Wall Street Zen raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Needham & Company LLC raised their price target on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Citigroup reiterated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.
Get Our Latest Stock Analysis on BAND
Bandwidth Stock Performance
Bandwidth (NASDAQ:BAND – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The business had revenue of $208.78 million during the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, sell-side analysts expect that Bandwidth will post 0.55 earnings per share for the current year.
Insiders Place Their Bets
In other Bandwidth news, insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $51.56, for a total value of $1,031,200.00. Following the transaction, the insider owned 43,894 shares in the company, valued at $2,263,174.64. The trade was a 31.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Rebecca Bottorff sold 9,425 shares of Bandwidth stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $45.30, for a total value of $426,952.50. Following the sale, the insider directly owned 50,535 shares in the company, valued at $2,289,235.50. The trade was a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 92,551 shares of company stock worth $3,324,556. Insiders own 5.26% of the company’s stock.
Hedge Funds Weigh In On Bandwidth
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of Bandwidth by 4.2% in the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after acquiring an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares during the period. Walleye Capital LLC acquired a new position in Bandwidth in the first quarter valued at approximately $1,069,000. Dimensional Fund Advisors LP lifted its stake in Bandwidth by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,551,508 shares of the company’s stock valued at $27,647,000 after buying an additional 91,812 shares during the period. Finally, Bastion Asset Management Inc. acquired a new position in Bandwidth in the first quarter valued at approximately $6,592,000. 68.53% of the stock is owned by institutional investors and hedge funds.
Bandwidth News Summary
Here are the key news stories impacting Bandwidth this week:
- Positive Sentiment: Citizens JMP raised its price target on Bandwidth from $45 to $70 and reiterated a market outperform rating, signaling improved confidence in the company’s growth outlook.
- Positive Sentiment: Needham & Company also boosted its price target from $45 to $60 and kept a buy rating, adding to the positive analyst momentum around BAND.
- Positive Sentiment: A separate report highlighted an even larger target increase for Bandwidth, reinforcing the view that analysts see more upside after the stock’s strong post-earnings run. Article: Bandwidth (BAND) price target increased by 86.73% to 46.66
- Neutral Sentiment: Bandwidth’s recent quarterly results were solid, with earnings and revenue both beating estimates, which has helped support the stock’s recent move higher.
- Negative Sentiment: COO Devesh Agarwal sold shares in two separate transactions this week, including 8,251 shares on May 14 and 11,749 shares on May 13. While insider sales do not always signal trouble, the timing may temper some investor enthusiasm.
Bandwidth Company Profile
Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.
Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.
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