Shares of Bandwidth Inc. (NASDAQ:BAND – Get Free Report) shot up 5.2% during mid-day trading on Tuesday . The stock traded as high as $62.82 and last traded at $63.8450. Approximately 129,169 shares traded hands during trading, a decline of 84% from the average session volume of 794,301 shares. The stock had previously closed at $60.67.
Analysts Set New Price Targets
A number of research firms have commented on BAND. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Needham & Company LLC lifted their price target on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. B. Riley Financial lifted their target price on shares of Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Citizens Jmp upped their price target on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bandwidth has an average rating of “Moderate Buy” and an average price target of $43.25.
Check Out Our Latest Stock Analysis on Bandwidth
Bandwidth Stock Up 4.3%
Bandwidth (NASDAQ:BAND – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $208.78 million for the quarter, compared to the consensus estimate 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. Research analysts anticipate that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Rebecca Bottorff sold 9,425 shares of the business’s 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 owned 50,535 shares of the company’s stock, valued at $2,289,235.50. The trade was a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kade Ross sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 43,894 shares in the company, valued at $2,263,174.64. The trade was a 31.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,269 shares of company stock worth $7,192,523 in the last 90 days. 5.26% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BAND. Deutsche Bank AG boosted its holdings in shares of Bandwidth by 6.0% during the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after purchasing an additional 1,043 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Bandwidth by 2.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock valued at $895,000 after purchasing an additional 1,129 shares during the last quarter. Franklin Resources Inc. increased its stake in Bandwidth by 3.6% in the fourth quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock valued at $898,000 after purchasing an additional 2,043 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Bandwidth by 8.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock worth $462,000 after buying an additional 2,250 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Bandwidth by 183.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after buying an additional 2,445 shares during the period. 68.53% of the stock is currently owned by institutional investors and hedge funds.
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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