Bandwidth Inc. (NASDAQ:BAND – Get Free Report)’s share price was up 10.2% during trading on Friday . The stock traded as high as $63.11 and last traded at $63.5250. Approximately 970,105 shares were traded during trading, an increase of 57% from the average daily volume of 616,385 shares. The stock had previously closed at $57.66.
Analysts Set New Price Targets
BAND has been the subject of a number of recent research reports. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citizens Jmp raised their target price on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Finally, Needham & Company LLC upped their target price on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. One 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 stock. Based on data from MarketBeat, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.
Read Our Latest Stock Analysis on Bandwidth
Bandwidth Trading Up 12.6%
Bandwidth (NASDAQ:BAND – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $208.78 million during the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.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, analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Kade Ross sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the completion of the sale, the insider owned 43,894 shares in the company, valued at $2,263,174.64. This trade represents a 31.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Devesh Agarwal sold 15,000 shares of Bandwidth stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $57.24, for a total transaction of $858,600.00. Following the transaction, the chief operating officer directly owned 61,414 shares of the company’s stock, valued at $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,551 shares of company stock valued at $4,183,156 in the last ninety days. Insiders own 5.26% of the company’s stock.
Institutional Investors Weigh In On Bandwidth
Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG raised its stake in Bandwidth by 189.2% in the fourth quarter. UBS Group AG now owns 205,300 shares of the company’s stock valued at $3,172,000 after buying an additional 134,309 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Bandwidth during the 4th quarter worth approximately $1,622,000. GSA Capital Partners LLP acquired a new position in shares of Bandwidth during the 3rd quarter worth approximately $1,100,000. Portolan Capital Management LLC raised its stake in Bandwidth by 115.8% in the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock valued at $12,433,000 after acquiring an additional 400,231 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Bandwidth by 51.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 491,873 shares of the company’s stock worth $8,765,000 after buying an additional 166,423 shares during the period. 68.53% of the stock is owned by institutional investors and hedge funds.
About Bandwidth
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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