Bandwidth (NASDAQ:BAND) Shares Up 6.2% – Time to Buy?

Bandwidth Inc. (NASDAQ:BANDGet Free Report)’s stock price traded up 6.2% on Wednesday . The company traded as high as $46.45 and last traded at $46.3350. Approximately 122,677 shares were traded during trading, a decline of 86% from the average session volume of 862,263 shares. The stock had previously closed at $43.62.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BAND. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Piper Sandler raised their price target on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Finally, B. Riley Financial increased their target price on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.80.

Read Our Latest Analysis on BAND

Bandwidth Price Performance

The business’s 50 day moving average price is $55.22 and its 200 day moving average price is $42.53. The stock has a market capitalization of $1.53 billion, a P/E ratio of -164.30 and a beta of 3.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04.

Bandwidth (NASDAQ:BANDGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Sell-side analysts forecast that Bandwidth Inc. will post 0.65 EPS for the current year.

Insider Activity

In other news, insider Rebecca Bottorff sold 2,713 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $133,343.95. Following the transaction, the insider directly owned 10,704 shares in the company, valued at $526,101.60. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daryl Raiford sold 4,673 shares of Bandwidth stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $229,677.95. Following the completion of the sale, the chief financial officer directly owned 35,832 shares of the company’s stock, valued at $1,761,142.80. The trade was a 11.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 23,550 shares of company stock worth $1,154,782. Insiders own 5.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BAND. UBS Group AG raised its stake in shares of Bandwidth by 189.2% in the fourth 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 period. Bastion Asset Management Inc. bought a new position in shares of Bandwidth during the 1st quarter valued at approximately $6,592,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Bandwidth during the 4th quarter valued at approximately $1,622,000. Walleye Capital LLC purchased a new stake in Bandwidth in the 1st quarter worth approximately $1,069,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

Bandwidth Company Profile

(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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