Bandwidth (NASDAQ:BAND) Sees Unusually-High Trading Volume – Time to Buy?

Bandwidth Inc. (NASDAQ:BAND) shares saw unusually-high trading volume on Tuesday . Approximately 569,846 shares traded hands during trading, a decline of 17% from the previous session’s volume of 690,314 shares.The stock last traded at $50.2250 and had previously closed at $52.83.

Analysts Set New Price Targets

BAND has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. B. Riley Financial lifted their price target on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Needham & Company LLC increased their target price on shares of Bandwidth from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Citigroup restated an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Finally, Wall Street Zen cut Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.25.

Bandwidth Stock Down 2.8%

The firm has a fifty day moving average price of $43.85 and a 200 day moving average price of $25.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.64 billion, a P/E ratio of -134.99 and a beta of 2.93.

Bandwidth (NASDAQ:BAND) last announced its earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The company had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. Equities research analysts forecast that Bandwidth Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of Bandwidth stock in a transaction 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. The trade was a 90.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kade Ross sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.56, for a total value of $1,031,200.00. Following the completion of the transaction, the insider directly owned 43,894 shares in the company, valued at $2,263,174.64. The trade was a 31.30% decrease in their position. 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. Insiders have sold a total of 127,269 shares of company stock valued at $7,192,523 over the last ninety days. Company insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in Bandwidth by 9.9% in the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock valued at $2,752,000 after buying an additional 13,961 shares during the period. Quantinno Capital Management LP lifted its stake in Bandwidth by 248.2% in the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after buying an additional 54,771 shares during the period. Renaissance Technologies LLC lifted its stake in Bandwidth by 4.2% in the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after buying an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Bandwidth by 299.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after buying an additional 516,117 shares during the period. Finally, Walleye Capital LLC acquired a new position in Bandwidth in the first quarter valued at about $1,069,000. Institutional investors and hedge funds own 68.53% of the company’s stock.

Bandwidth Company Profile

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.