Bandwidth (NASDAQ:BAND) Shares Up 8.9% – What’s Next?

Bandwidth Inc. (NASDAQ:BANDGet Free Report) shares were up 8.9% during trading on Thursday . The stock traded as high as $72.05 and last traded at $71.4250. Approximately 514,814 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 636,750 shares. The stock had previously closed at $65.60.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BAND. Citizens Jmp increased 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial lifted their price objective on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Read Our Latest Research Report on Bandwidth

Bandwidth Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $36.23 and a 200-day simple moving average of $22.15. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -192.72 and a beta of 2.93.

Bandwidth (NASDAQ:BANDGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The business had revenue of $208.78 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Daryl E. Raiford sold 17,026 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.47, for a total transaction of $263,392.22. Following the completion of the transaction, the chief financial officer owned 52,745 shares in the company, valued at $815,965.15. This trade represents a 24.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Devesh Agarwal sold 15,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total value of $858,600.00. Following the transaction, the chief operating officer 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,181 shares of company stock valued at $5,596,190 in the last ninety days. 5.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in Bandwidth by 15.0% in the second quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock worth $651,000 after purchasing an additional 5,324 shares in the last quarter. Quantbot Technologies LP bought a new position in Bandwidth in the 2nd quarter worth approximately $128,000. Arrowstreet Capital Limited Partnership boosted its position in Bandwidth by 26.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock valued at $5,933,000 after buying an additional 78,360 shares during the last quarter. Invesco Ltd. increased its stake in shares of Bandwidth by 4.7% in the 2nd quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock valued at $896,000 after buying an additional 2,532 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Bandwidth during the second quarter valued at $221,000. 68.53% of the stock is owned by institutional investors and hedge funds.

About Bandwidth

(Get Free Report)

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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