Bandwidth (NASDAQ:BAND) Sets New 52-Week High on Analyst Upgrade

Bandwidth Inc. (NASDAQ:BAND) reached a new 52-week high during mid-day trading on Thursday after B. Riley Financial raised their price target on the stock from $55.00 to $85.00. B. Riley Financial currently has a buy rating on the stock. Bandwidth traded as high as $76.19 and last traded at $76.5260, with a volume of 381061 shares changing hands. The stock had previously closed at $70.49.

Several other analysts also recently weighed in on BAND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Needham & Company LLC upped their target price on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Citizens Jmp increased their price target on shares of Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, May 15th. Finally, Wall Street Zen lowered shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Insider Activity at Bandwidth

In other news, CFO Daryl E. Raiford sold 4,228 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $64.15, for a total value of $271,226.20. Following the completion of the transaction, the chief financial officer owned 42,919 shares of the company’s stock, valued at $2,753,253.85. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Devesh Agarwal sold 4,066 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $239,284.10. Following the completion of the sale, the chief operating officer owned 68,579 shares in the company, valued at $4,035,874.15. The trade was a 5.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 127,269 shares of company stock worth $7,192,523 in the last three months. Company insiders own 5.26% of the company’s stock.

Institutional Investors Weigh In On Bandwidth

Hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in shares of Bandwidth by 6.0% during the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock valued at $283,000 after acquiring an additional 1,043 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Bandwidth by 2.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 53,681 shares of the company’s stock worth $895,000 after purchasing an additional 1,129 shares in the last quarter. Franklin Resources Inc. raised its stake in Bandwidth by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock valued at $898,000 after purchasing an additional 2,043 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Bandwidth by 8.1% in the 4th 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Bandwidth by 183.7% during the 2nd 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. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Price Performance

The firm has a market cap of $2.44 billion, a PE ratio of -202.25 and a beta of 2.92. The stock’s fifty day moving average price is $56.53 and its 200-day moving average price is $30.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.94 and a quick ratio of 0.94.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. The firm had revenue of $208.78 million for the quarter, compared to the consensus estimate of $201.58 million. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. As a group, equities analysts expect that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

About Bandwidth

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.