Bandwidth Inc. (NASDAQ:BAND) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bandwidth Inc. (NASDAQ:BANDGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.25.

A number of brokerages recently issued reports on BAND. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Needham & Company LLC increased their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 14th. B. Riley Financial increased their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Citizens Jmp increased their price objective on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a report on Friday, May 15th.

View Our Latest Analysis on BAND

Insider Transactions at Bandwidth

In other news, COO Devesh Agarwal sold 15,000 shares of the stock in a transaction that occurred 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 directly owned 61,414 shares of the company’s stock, valued at approximately $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daryl E. Raiford sold 16,100 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $15.19, for a total value of $244,559.00. Following the sale, the chief financial officer owned 36,645 shares of the company’s stock, valued at $556,637.55. This trade represents a 30.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 107,551 shares of company stock valued at $4,183,156 over the last ninety days. 5.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Bandwidth

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of 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 purchasing an additional 2,445 shares during the last quarter. State of Wyoming purchased a new stake in shares of Bandwidth during the third quarter worth approximately $71,000. Raymond James Financial Inc. purchased a new stake in shares of Bandwidth during the second quarter worth approximately $85,000. Quantbot Technologies LP purchased a new stake in shares of Bandwidth during the second quarter worth approximately $128,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after purchasing an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Stock Performance

Shares of BAND opened at $61.39 on Tuesday. The stock has a 50 day moving average price of $29.50 and a 200 day moving average price of $19.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -161.55 and a beta of 2.72. Bandwidth has a 52-week low of $12.50 and a 52-week high of $62.03.

Bandwidth (NASDAQ:BANDGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $208.78 million during 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 predict that Bandwidth will post 0.55 EPS for the current fiscal year.

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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Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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