Bandwidth (NASDAQ:BAND) Reaches New 1-Year High – Should You Buy?

Bandwidth Inc. (NASDAQ:BAND)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $62.24 and last traded at $60.02, with a volume of 37400 shares. The stock had previously closed at $61.39.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup restated an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. B. Riley Financial boosted their price target on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citizens Jmp lifted their price objective on Bandwidth from $45.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, May 15th. Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Performance

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 company has a 50 day simple moving average of $31.24 and a 200-day simple moving average of $20.36. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -147.74 and a beta of 2.72.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The firm had revenue of $208.78 million for the quarter, compared to analyst estimates 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 research analysts expect that Bandwidth Inc. will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bandwidth news, insider Kade Ross sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 43,894 shares of the company’s stock, valued at approximately $2,263,174.64. The trade was a 31.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daryl E. Raiford sold 17,026 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $15.47, for a total value of $263,392.22. Following the completion of the transaction, the chief financial officer directly owned 52,745 shares in the company, valued at approximately $815,965.15. This trade represents a 24.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,551 shares of company stock valued at $4,183,156 in the last ninety days. 5.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bandwidth

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Bandwidth by 9.9% in the 1st quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock worth $2,752,000 after purchasing an additional 13,961 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Bandwidth by 248.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock worth $1,369,000 after purchasing an additional 54,771 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bandwidth by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after purchasing an additional 26,081 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after purchasing an additional 516,117 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Bandwidth in the 1st quarter worth $1,069,000. 68.53% of the stock is currently owned by institutional investors.

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.