B. Riley Financial Forecasts Strong Price Appreciation for Bandwidth (NASDAQ:BAND) Stock

Bandwidth (NASDAQ:BAND) had its price objective upped by equities research analysts at B. Riley Financial from $55.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price objective would suggest a potential upside of 14.15% from the stock’s current price.

BAND has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Needham & Company LLC lifted their price objective on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Citigroup restated an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.75.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $74.46 on Thursday. The company has a market capitalization of $2.38 billion, a PE ratio of -195.82 and a beta of 2.92. 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 stock’s 50 day moving average price is $56.53 and its 200-day moving average price is $30.15. Bandwidth has a twelve month low of $12.50 and a twelve month high of $75.98.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company 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. On average, equities analysts anticipate that Bandwidth will post 0.55 EPS for the current year.

Insider Activity at Bandwidth

In related news, CEO David A. Morken sold 4,632 shares of Bandwidth stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $272,593.20. Following the completion of the sale, the chief executive officer owned 7,198 shares of the company’s stock, valued at approximately $423,602.30. This trade represents a 39.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $51.56, for a total value of $1,031,200.00. Following the completion of the sale, the insider directly owned 43,894 shares of the company’s stock, valued at approximately $2,263,174.64. This trade represents a 31.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,269 shares of company stock worth $7,192,523 in the last three months. Corporate insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several large investors have recently modified their holdings of BAND. Arrowstreet Capital Limited Partnership raised its position in shares of Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after purchasing an additional 516,117 shares during the period. Portolan Capital Management LLC boosted its holdings in Bandwidth by 115.8% in the 3rd quarter. Portolan Capital Management LLC now owns 745,802 shares of the company’s stock worth $12,433,000 after buying an additional 400,231 shares during the period. Bastion Asset Management Inc. bought a new position in Bandwidth in the 1st quarter worth approximately $6,592,000. CSM Advisors LLC purchased a new position in Bandwidth in the 4th quarter valued at approximately $5,342,000. Finally, AQR Capital Management LLC grew its stake in Bandwidth by 49.1% in the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock valued at $9,338,000 after buying an additional 193,398 shares in the last quarter. Hedge funds and other institutional investors 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.