Bandwidth (NASDAQ:BAND) Hits New 1-Year High Following Analyst Upgrade

Bandwidth Inc. (NASDAQ:BAND)’s share price reached a new 52-week high during mid-day trading on Monday after Citizens Jmp raised their price target on the stock from $45.00 to $70.00. Citizens Jmp currently has a market outperform rating on the stock. Bandwidth traded as high as $56.40 and last traded at $55.5550, with a volume of 276114 shares trading hands. The stock had previously closed at $53.97.

Other research analysts also recently issued reports about the company. Needham & Company LLC increased their price objective on Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. B. Riley Financial increased their price objective on Bandwidth from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a research note 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.25.

Insider Buying and Selling

In other news, insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction on Monday, May 11th. The stock was sold at an average price of $51.56, for a total transaction of $1,031,200.00. Following the transaction, the insider owned 43,894 shares in the company, valued at $2,263,174.64. The trade was a 31.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Rebecca Bottorff sold 9,425 shares of Bandwidth stock in a transaction on Monday, May 4th. The stock was sold at an average price of $45.30, for a total value of $426,952.50. Following the transaction, the insider owned 50,535 shares in the company, valued at approximately $2,289,235.50. This represents a 15.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,551 shares of company stock worth $3,324,556 in the last quarter. 5.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in shares of Bandwidth by 9.9% during the 1st quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock worth $2,752,000 after acquiring an additional 13,961 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Bandwidth by 248.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock worth $1,369,000 after acquiring an additional 54,771 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Bandwidth by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock worth $11,494,000 after acquiring an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bandwidth by 299.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after acquiring an additional 516,117 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Bandwidth during the 1st quarter worth $1,069,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Stock Performance

The firm has a market cap of $1.78 billion, a PE ratio of -146.00 and a beta of 2.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $24.45 and a 200 day moving average price of $17.95.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data 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 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 earnings per share for the current fiscal year.

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.