Bandwidth Inc. (NASDAQ:BAND – Get Free Report)’s stock price traded down 8.5% during trading on Thursday . The company traded as low as $47.60 and last traded at $47.84. 264,123 shares traded hands during trading, a decline of 70% from the average session volume of 878,495 shares. The stock had previously closed at $52.30.
Analyst Ratings Changes
BAND has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research report on Thursday. B. Riley Financial lifted their target price on Bandwidth from $55.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Citizens Jmp upped their price objective on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Citigroup reissued a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Finally, Piper Sandler lifted their target price on Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.80.
View Our Latest Research Report on BAND
Bandwidth Price Performance
Bandwidth (NASDAQ:BAND – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. Bandwidth’s quarterly revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities analysts forecast that Bandwidth Inc. will post 0.65 earnings per share for the current year.
Insider Buying and Selling
In other news, COO Devesh Agarwal sold 4,066 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $239,284.10. Following the sale, the chief operating officer owned 68,579 shares in the company, valued at approximately $4,035,874.15. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rebecca Bottorff sold 2,176 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $128,057.60. Following the completion of the sale, the insider owned 5,620 shares of the company’s stock, valued at approximately $330,737. The trade was a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,844 shares of company stock valued at $3,517,318 in the last ninety days. Company insiders own 5.26% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in BAND. Deutsche Bank AG lifted its position 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 in the last quarter. TD Waterhouse Canada Inc. bought a new position in Bandwidth during the second quarter worth about $70,000. Mercer Global Advisors Inc. ADV lifted 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 buying an additional 1,129 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Bandwidth by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock worth $898,000 after buying an additional 2,043 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Bandwidth by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock valued at $462,000 after purchasing an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.
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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