Bandwidth (NASDAQ:BAND) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Bandwidth (NASDAQ:BAND) had its price objective boosted by equities research analysts at B. Riley Financial from $55.00 to $85.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s price target points to a potential upside of 12.61% from the stock’s previous close.

BAND has been the subject of several other reports. Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Needham & Company LLC increased their price objective 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. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Citizens Jmp boosted their price objective on shares of Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bandwidth in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Bandwidth Stock Performance

NASDAQ:BAND opened at $75.48 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.37. Bandwidth has a 52 week low of $12.50 and a 52 week high of $79.08. The company has a market cap of $2.42 billion, a price-to-earnings ratio of -198.63 and a beta of 2.92. The company has a fifty day simple moving average of $58.65 and a two-hundred day simple moving average of $30.91.

Bandwidth (NASDAQ:BAND) last released its quarterly 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. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.The company 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 analysts anticipate that Bandwidth will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Bandwidth

In related news, CEO David A. Morken sold 4,632 shares of Bandwidth stock in a transaction on Friday, May 29th. The shares were sold at an average price of $58.85, for a total value of $272,593.20. Following the transaction, the chief executive officer owned 7,198 shares in the company, valued at $423,602.30. This trade represents a 39.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction dated 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 sale, the general counsel owned 3,000 shares of the company’s stock, valued at $216,090. This trade represents a 90.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 127,269 shares of company stock worth $7,192,523. Corporate insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in Bandwidth by 183.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock worth $60,000 after buying an additional 2,445 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bandwidth during the second quarter worth approximately $85,000. Quantbot Technologies LP bought a new stake in Bandwidth in the second quarter valued at approximately $128,000. State of Wyoming lifted its position in shares of Bandwidth by 104.6% in the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock valued at $135,000 after buying an additional 4,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Bandwidth by 35.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock worth $157,000 after acquiring an additional 2,634 shares during the period. 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.