Analysts Set Bandwidth Inc. (NASDAQ:BAND) Target Price at $59.80

Shares of Bandwidth Inc. (NASDAQ:BAND) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.80.

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Needham & Company LLC restated a “buy” rating on shares of Bandwidth in a research report on Thursday, August 20th. Weiss Ratings cut Bandwidth from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Citizens Jmp boosted their target price on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Finally, Piper Sandler increased their target price on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th.

Bandwidth Price Performance

Shares of NASDAQ BAND opened at $49.00 on Thursday. The firm has a market cap of $1.58 billion, a P/E ratio of -168.97 and a beta of 2.96. Bandwidth has a 1-year low of $12.50 and a 1-year high of $79.08. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $56.51 and its 200-day moving average is $40.69.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Equities research analysts predict that Bandwidth will post 0.65 earnings per share for the current year.

Insider Activity

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $72.03, for a total transaction of $2,104,284.42. Following the completion of the sale, the general counsel owned 3,000 shares of the company’s stock, valued at approximately $216,090. This represents a 90.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daryl E. Raiford sold 4,228 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $64.15, for a total transaction of $271,226.20. Following the completion of the transaction, the chief financial officer owned 42,919 shares in the company, valued at $2,753,253.85. This trade represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

A number of hedge funds have recently bought and sold shares of BAND. Tower Research Capital LLC TRC raised its position in shares of Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after acquiring an additional 2,445 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Bandwidth in the second quarter worth approximately $70,000. Raymond James Financial Inc. acquired a new position in Bandwidth in the second quarter valued at approximately $85,000. Quantbot Technologies LP bought a new position in shares of Bandwidth during the 2nd quarter worth approximately $128,000. Finally, State of Wyoming grew its position in shares of Bandwidth by 104.6% during the 4th quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after buying an additional 4,476 shares during the period. Institutional investors own 68.53% of the company’s stock.

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.