Bandwidth Inc. (NASDAQ:BAND – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $75.50 and last traded at $73.0410, with a volume of 573775 shares. The stock had previously closed at $73.19.
Wall Street Analyst Weigh In
Several research analysts have issued reports on BAND shares. Wall Street Zen cut shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup restated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. Needham & Company LLC raised their price target on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, B. Riley Financial raised their price target on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.
Read Our Latest Stock Report on BAND
Bandwidth Stock Down 1.6%
Bandwidth (NASDAQ:BAND – Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Equities analysts expect that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.
Insider Transactions at Bandwidth
In related news, insider Rebecca Bottorff sold 9,425 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $45.30, for a total value of $426,952.50. Following the completion of the transaction, the insider directly owned 50,535 shares of the company’s stock, valued at $2,289,235.50. This trade represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daryl E. Raiford sold 17,026 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were 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 directly owned 52,745 shares of the company’s stock, valued at $815,965.15. The trade was a 24.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 131,181 shares of company stock worth $5,596,190 over the last ninety days. 5.26% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Bandwidth
Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its position in Bandwidth by 189.2% during the 4th quarter. UBS Group AG now owns 205,300 shares of the company’s stock worth $3,172,000 after buying an additional 134,309 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in Bandwidth during the 4th quarter worth approximately $1,622,000. GSA Capital Partners LLP purchased a new position in Bandwidth during the 3rd quarter worth approximately $1,100,000. Portolan Capital Management LLC raised its position in Bandwidth by 115.8% during the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after buying an additional 400,231 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after buying an additional 2,634 shares during the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.
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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