Bandwidth (NASDAQ:BAND) Stock Price Up 6.6% – What’s Next?

Bandwidth Inc. (NASDAQ:BAND) shares traded up 6.6% during mid-day trading on Friday. The stock traded as high as $43.21 and last traded at $43.1750. Approximately 314,597 shares changed hands during trading, a decline of 64% from the average daily volume of 872,433 shares. The stock had previously closed at $40.50.

Analyst Ratings Changes

BAND has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Bandwidth in a research report on Friday, October 16th. They set an “equal weight” rating and a $56.00 price objective on the stock. Citigroup restated a “market outperform” rating on shares of Bandwidth in a report on Monday, July 20th. Piper Sandler lifted their target price on shares of Bandwidth from $38.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Bank of America started coverage on shares of Bandwidth in a research note on Wednesday, September 16th. They set a “neutral” rating and a $60.00 target price for the company. Finally, B. Riley Financial increased their price target on Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.29.

Bandwidth Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $1.42 billion, a P/E ratio of -152.34, a P/E/G ratio of 3.94 and a beta of 3.01. The firm’s fifty day moving average is $51.64 and its two-hundred day moving average is $51.00.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. As a group, analysts anticipate that Bandwidth Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity at Bandwidth

In related news, CFO Daryl Raiford sold 4,673 shares of Bandwidth stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total transaction of $229,677.95. Following the sale, the chief financial officer owned 35,832 shares of the company’s stock, valued at approximately $1,761,142.80. This trade represents a 11.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rebecca Bottorff sold 2,713 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $133,343.95. Following the completion of the transaction, the insider directly owned 10,704 shares in the company, valued at approximately $526,101.60. This represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,050 shares of company stock worth $1,228,342 in the last three months. Corporate insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

A number of large investors have recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in Bandwidth in the second quarter worth about $1,451,000. Bastion Asset Management Inc. bought a new stake in Bandwidth during the first quarter worth approximately $6,592,000. Walleye Capital LLC purchased a new stake in Bandwidth during the first quarter valued at approximately $1,069,000. Arrowstreet Capital Limited Partnership raised its position in Bandwidth by 299.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock valued at $12,268,000 after purchasing an additional 516,117 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Bandwidth during the second quarter valued at approximately $2,218,000. 68.53% of the stock is currently owned by institutional investors.

Bandwidth Company Profile

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.