Bandwidth (NASDAQ:BAND) Price Target Raised to $70.00 at Citizens Jmp

Bandwidth (NASDAQ:BAND) had its price objective upped by investment analysts at Citizens Jmp from $45.00 to $70.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 34.36% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Citigroup reissued an “outperform” rating on shares of Bandwidth in a report on Thursday, April 30th. Needham & Company LLC boosted their price target on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. B. Riley Financial boosted their price target on shares of Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, April 17th. Zacks Research upgraded Bandwidth from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.25.

Bandwidth Price Performance

Bandwidth stock opened at $52.10 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of -137.11 and a beta of 2.72. Bandwidth has a 1 year low of $12.50 and a 1 year high of $53.21. The business has a 50-day moving average of $23.70 and a 200-day moving average of $17.69. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

Bandwidth (NASDAQ:BAND) last announced 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 negative net margin of 0.64% and a positive return on equity of 1.47%. The company had revenue of $208.78 million during 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. On average, equities analysts anticipate that Bandwidth will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, COO Devesh Agarwal sold 8,251 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $52.11, for a total value of $429,959.61. Following the completion of the sale, the chief operating officer directly owned 76,414 shares in the company, valued at approximately $3,981,933.54. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kade Ross sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the completion of the sale, the insider owned 43,894 shares of the company’s stock, valued at $2,263,174.64. This trade represents a 31.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 92,551 shares of company stock worth $3,324,556. 5.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bandwidth

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after purchasing an additional 2,445 shares during the last quarter. State of Wyoming acquired a new stake in Bandwidth in the 3rd quarter valued at about $71,000. Raymond James Financial Inc. acquired a new stake in Bandwidth during the 2nd quarter valued at $85,000. Quantbot Technologies LP acquired a new stake in Bandwidth during the 2nd quarter valued at $128,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after purchasing an additional 2,634 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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.