Bandwidth (NASDAQ:BAND) Shares Up 10.2% – Time to Buy?

Bandwidth Inc. (NASDAQ:BAND)’s stock price was up 10.2% on Friday . The stock traded as high as $63.11 and last traded at $63.5250. Approximately 970,105 shares were traded during trading, an increase of 57% from the average daily volume of 616,385 shares. The stock had previously closed at $57.66.

Wall Street Analyst Weigh In

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

Bandwidth Trading Up 12.6%

The firm’s 50-day simple moving average is $32.10 and its 200 day simple moving average is $20.66. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -168.61 and a beta of 2.72. 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 released its quarterly earnings data on Thursday, April 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.06. The business had revenue of $208.78 million for the quarter, compared to analyst estimates 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. Equities analysts expect that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insider Activity at Bandwidth

In other Bandwidth news, insider Rebecca Bottorff sold 9,425 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $45.30, for a total value of $426,952.50. Following the completion of the transaction, the insider directly owned 50,535 shares in the company, valued at approximately $2,289,235.50. This trade represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Devesh Agarwal sold 15,000 shares of Bandwidth stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction of $858,600.00. Following the sale, the chief operating officer owned 61,414 shares in the company, valued at approximately $3,515,337.36. This represents a 19.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 107,551 shares of company stock worth $4,183,156. Corporate insiders own 5.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BAND. Deutsche Bank AG boosted its stake in shares of Bandwidth by 6.0% in the fourth quarter. Deutsche Bank AG now owns 18,343 shares of the company’s stock worth $283,000 after acquiring an additional 1,043 shares during the period. Principal Financial Group Inc. lifted its holdings in Bandwidth by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 19,383 shares of the company’s stock worth $323,000 after purchasing an additional 1,114 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Bandwidth by 2.1% in the 3rd 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. boosted its stake in Bandwidth by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 58,141 shares of the company’s stock worth $898,000 after purchasing an additional 2,043 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Bandwidth by 8.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,896 shares of the company’s stock valued at $462,000 after buying an additional 2,250 shares in the last quarter. Institutional investors and hedge funds 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.