Bandwidth (NASDAQ:BAND) Raised to “Buy” at Wall Street Zen

Bandwidth (NASDAQ:BAND – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently commented on the stock. Piper Sandler boosted their price objective 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. Bank of America initiated coverage on Bandwidth in a report on Wednesday, September 16th. They set a “neutral” rating and a $60.00 target price for the company. B. Riley Financial lifted their price target on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Finally, Citizens Jmp boosted their price target on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.29.

Check Out Our Latest Stock Analysis on BAND

Bandwidth Stock Performance

Shares of BAND stock opened at $43.34 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $1.39 billion, a P/E ratio of -149.45, a price-to-earnings-growth ratio of 3.78 and a beta of 3.01. The company’s 50 day moving average price is $52.53 and its two-hundred day moving average price is $50.31. Bandwidth has a 52 week low of $12.50 and a 52 week high of $79.08.

Bandwidth (NASDAQ:BAND – Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company’s revenue 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. On average, analysts expect that Bandwidth will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Rebecca Bottorff sold 2,713 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $133,343.95. Following the sale, the insider owned 10,704 shares of the company’s stock, valued at $526,101.60. The trade was a 20.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daryl Raiford sold 4,673 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $229,677.95. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Insiders sold 23,550 shares of company stock valued at $1,154,782 over the last ninety days. Insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in Bandwidth by 43.1% during the third quarter. State of Alaska Department of Revenue now owns 1,262 shares of the company’s stock worth $76,000 after acquiring an additional 380 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Bandwidth in the second quarter valued at approximately $70,000. Integrated Wealth Concepts LLC bought a new position in Bandwidth in the second quarter valued at approximately $94,000. Corient Private Wealth LP bought a new position in Bandwidth in the second quarter valued at approximately $238,000. Finally, Hsbc Holdings PLC increased its position in shares of Bandwidth by 8.3% during the 4th quarter. Hsbc Holdings PLC now owns 61,239 shares of the company’s stock worth $950,000 after purchasing an additional 4,686 shares during the last quarter. Institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

(Get Free Report)

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and related services for businesses to build voice, messaging and emergency communications into their software and applications. Its platform is designed for enterprises, communications service providers and technology companies that need programmable communications capabilities.

The company’s offerings include voice calling, text messaging, toll-free and local phone numbers, authentication messaging, and 911 emergency services.

Further Reading

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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