Bandwidth (NASDAQ:BAND – Get Free Report) had its target price lifted by equities research analysts at Citizens Jmp from $70.00 to $86.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 15.02% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Bandwidth in a research note on Monday. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Friday. B. Riley Financial lifted their price objective on shares of Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Needham & Company LLC boosted their target price on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.
Read Our Latest Stock Report on Bandwidth
Bandwidth Stock Performance
Bandwidth (NASDAQ:BAND – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating 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 firm 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, analysts anticipate that Bandwidth will post 0.55 EPS for the current fiscal year.
Insider Activity at Bandwidth
In other news, General Counsel Richard Brandon Asbill sold 29,214 shares of Bandwidth stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the sale, the general counsel owned 3,000 shares of the company’s stock, valued at approximately $216,090. The trade was a 90.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Devesh Agarwal sold 15,000 shares of the company’s 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 completion of the sale, 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 SEC filing for this sale provides additional information. Insiders have sold 127,269 shares of company stock worth $7,192,523 over the last quarter. 5.26% of the stock is owned by insiders.
Hedge Funds Weigh In On Bandwidth
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Bandwidth by 299.5% during 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 last quarter. Bastion Asset Management Inc. acquired a new position in Bandwidth in the 1st quarter worth approximately $6,592,000. CSM Advisors LLC purchased a new stake in Bandwidth in the fourth quarter valued at $5,342,000. AQR Capital Management LLC lifted its holdings in Bandwidth by 49.1% in the second quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after acquiring an additional 193,398 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Bandwidth by 51.1% during the first 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 in the last quarter. 68.53% of the stock is currently owned by 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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