Bandwidth (NASDAQ:BAND) Price Target Raised to $57.00

Bandwidth (NASDAQ:BAND) had its target price boosted by Morgan Stanley from $56.00 to $57.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts also recently commented on BAND. Weiss Ratings downgraded shares of Bandwidth from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Wall Street Zen raised Bandwidth from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Piper Sandler increased their price target on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Zacks Research cut shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Citizens Jmp increased their price target on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bandwidth presently has a consensus rating of “Hold” and a consensus price target of $66.67.

Bandwidth Stock Performance

NASDAQ BAND opened at $47.34 on Friday. The business has a fifty day moving average of $51.54 and a 200-day moving average of $40.75. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -394.47, a price-to-earnings-growth ratio of 4.01 and a beta of 3.17. Bandwidth has a fifty-two week low of $12.50 and a fifty-two week high of $79.08.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, October 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $234.02 million during the quarter, compared to analyst estimates of $233.15 million. Bandwidth had a net margin of 1.01% and a return on equity of 3.70%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, analysts predict that Bandwidth will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Bandwidth

In related news, General Counsel Richard Asbill sold 1,832 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $49.15, for a total value of $90,042.80. Following the transaction, the general counsel owned 7,550 shares of the company’s stock, valued at approximately $371,082.50. This trade represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Morken sold 5,128 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $252,041.20. Following the completion of the transaction, the chief executive officer directly owned 6,702 shares in the company, valued at $329,403.30. The trade was a 43.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,050 shares of company stock valued at $1,228,342 over the last three months. 5.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BAND. Chicago Partners Investment Group LLC purchased a new stake in Bandwidth during the third quarter worth $230,000. Ascent Group LLC acquired a new stake in Bandwidth during the 3rd quarter valued at $287,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Bandwidth during the 3rd quarter valued at about $425,000. Simplicity Wealth LLC bought a new stake in Bandwidth in the 3rd quarter valued at $202,000. Finally, Sterling Capital Management LLC raised its position in shares of Bandwidth by 850.0% during the third quarter. Sterling Capital Management LLC now owns 988 shares of the company’s stock worth $60,000 after acquiring an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth News Roundup

Here are the key news stories impacting Bandwidth this week:

• Positive Sentiment: Quarterly results exceeded expectations. Bandwidth reported third-quarter revenue of $234.0 million, up 22% year over year, and adjusted EBITDA of approximately $34.8 million, up 43%. Adjusted EPS of $0.50 surpassed the $0.47 consensus estimate, while the company returned to GAAP profitability. Bandwidth Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Management maintained its full-year outlook and offered a constructive 2027 view. Bandwidth reaffirmed 2026 revenue guidance of $905 million to $910 million and adjusted EBITDA guidance of $124 million to $125 million. It also expects double-digit Cloud Communications revenue growth in 2027, supported by voice-usage demand. Bandwidth Revenue Reaches Record $234 Million in Third Quarter 2026
• Positive Sentiment: Some analysts remain bullish. A Seeking Alpha contributor reiterated a Buy rating, citing improving net revenue retention, accelerating fundamentals and what it considers an attractive valuation relative to growth. Bandwidth: Full Steam Ahead As Net Revenue Retention Soars
• Neutral Sentiment: Morgan Stanley raised its price target to $57 from $56 but kept an Equal Weight rating. The modest increase suggests limited near-term conviction despite additional implied upside. Morgan Stanley stock recommendations
• Neutral Sentiment: Bandwidth amended its credit agreement and expanded its board with technology executive Chip Schroeder. Neither announcement provided a clearly material change to the near-term earnings outlook. Bandwidth Appoints Chip Schroeder to Board of Directors
• Negative Sentiment: In-line guidance overshadowed the earnings beat. Investors appear to have expected a stronger forecast or additional upside after BAND’s sharp rally; the reaffirmed outlook was characterized as insufficient to support the stock’s elevated expectations. Bandwidth Sinks on In-Line Guidance Despite Q3 Beat
• Negative Sentiment: Reported insider-trading data showed 87 insider sales and no purchases over the past six months, which may reinforce profit-taking concerns following the stock’s significant advance.

About Bandwidth

Bandwidth Inc (NASDAQ:BAND) is a cloud communications company that provides application programming interfaces (APIs) and related network services for integrating voice, messaging and emergency communications into software applications. Its platform is designed for businesses, communications providers and technology companies that need to build communications capabilities into customer-facing products and internal workflows.

The company’s offerings include programmable voice, text messaging and toll-free messaging services, as well as emergency calling capabilities through its E911 solution.