Bandwidth (NASDAQ:BAND) Stock Price Down 6.1% – Here’s What Happened

Bandwidth Inc. (NASDAQ:BAND) shares traded down 6.1% during trading on Wednesday . The stock traded as low as $57.06 and last traded at $57.4210. 274,111 shares were traded during trading, a decline of 55% from the average session volume of 604,376 shares. The stock had previously closed at $61.18.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. Needham & Company LLC upped their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Citizens Jmp upped their price objective on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Friday, May 15th. Citigroup reaffirmed an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.25.

Bandwidth Trading Down 7.8%

The company has a 50 day simple moving average of $30.42 and a 200 day simple moving average of $20.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.81 billion, a PE ratio of -148.41 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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. Analysts predict that Bandwidth Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Rebecca Bottorff sold 9,425 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $45.30, for a total transaction of $426,952.50. Following the completion of the transaction, the insider directly owned 50,535 shares of the company’s stock, valued at approximately $2,289,235.50. This represents a 15.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daryl E. Raiford sold 16,100 shares of the 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 transaction, the chief financial officer directly owned 36,645 shares of the company’s stock, valued at approximately $556,637.55. This trade represents a 30.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 107,551 shares of company stock valued at $4,183,156 in the last quarter. 5.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bandwidth

A number of large investors have recently modified their holdings of BAND. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 2,445 shares in the last quarter. State of Wyoming purchased a new position in shares of Bandwidth during the 3rd quarter worth approximately $71,000. Raymond James Financial Inc. purchased a new position in shares of Bandwidth during the 2nd quarter worth approximately $85,000. Quantbot Technologies LP purchased a new position in shares of Bandwidth during the 2nd quarter worth approximately $128,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after buying an additional 2,634 shares in the last quarter. 68.53% of the stock is owned by hedge funds and other institutional investors.

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.