Bandwidth (NASDAQ:BAND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bandwidth (NASDAQ:BAND) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

BAND has been the subject of several other reports. Wedbush reiterated an “outperform” rating on shares of Bandwidth in a research report on Wednesday, September 17th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Bandwidth in a research report on Friday, June 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

Bandwidth Stock Up 2.5%

NASDAQ:BAND opened at $17.97 on Friday. Bandwidth has a twelve month low of $11.33 and a twelve month high of $23.00. The company has a market cap of $541.62 million, a price-to-earnings ratio of -52.85 and a beta of 1.81. The stock has a fifty day simple moving average of $15.10 and a 200-day simple moving average of $14.37. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.64.

Bandwidth (NASDAQ:BAND) last released its earnings results on Tuesday, July 29th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Bandwidth had a positive return on equity of 1.43% and a negative net margin of 1.32%.The business had revenue of $180.01 million during the quarter, compared to the consensus estimate of $178.87 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Bandwidth has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Bandwidth will post 0.22 EPS for the current year.

Insider Transactions at Bandwidth

In other news, insider Devin M. Krupka sold 7,166 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $18.00, for a total transaction of $128,988.00. Following the transaction, the insider owned 19,192 shares in the company, valued at approximately $345,456. This trade represents a 27.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daryl Raiford sold 19,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $15.50, for a total value of $294,500.00. Following the transaction, the chief financial officer owned 109,538 shares in the company, valued at approximately $1,697,839. This represents a 14.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,077 shares of company stock worth $1,139,601. Corporate insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAND. Nuveen LLC purchased a new position in Bandwidth in the first quarter valued at about $7,916,000. AQR Capital Management LLC grew its stake in Bandwidth by 303.1% in the first quarter. AQR Capital Management LLC now owns 393,907 shares of the company’s stock valued at $5,160,000 after purchasing an additional 296,199 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in Bandwidth in the second quarter valued at about $2,166,000. Archon Capital Management LLC grew its stake in Bandwidth by 48.3% in the second quarter. Archon Capital Management LLC now owns 291,700 shares of the company’s stock valued at $4,638,000 after purchasing an additional 95,000 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Bandwidth by 213.5% in the fourth quarter. Millennium Management LLC now owns 136,442 shares of the company’s stock valued at $2,322,000 after purchasing an additional 92,915 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

About Bandwidth

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.