Bandwidth (NASDAQ:BAND) Now Covered by Bank of America

Research analysts at Bank of America assumed coverage on shares of Bandwidth (NASDAQ:BAND) in a report issued on Wednesday, Briefing.com reports. The firm set a “neutral” rating and a $60.00 price target on the stock. Bank of America‘s price target indicates a potential upside of 19.81% from the company’s previous close.

A number of other brokerages have also recently issued reports on BAND. Piper Sandler raised their price objective on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Citigroup restated a “market outperform” rating on shares of Bandwidth in a research report on Monday, July 20th. Zacks Research downgraded Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a research note on Thursday, August 20th. Finally, Wall Street Zen downgraded Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bandwidth has a consensus rating of “Moderate Buy” and a consensus price target of $59.83.

Bandwidth Price Performance

BAND opened at $50.08 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04. The company’s 50 day simple moving average is $54.05 and its 200-day simple moving average is $43.83. Bandwidth has a one year low of $12.50 and a one year high of $79.08. The stock has a market capitalization of $1.61 billion, a P/E ratio of -172.69 and a beta of 3.03.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $217.62 million. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The firm’s revenue was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Sell-side analysts anticipate that Bandwidth will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Bandwidth

In related news, insider Kade Ross sold 1,616 shares of the company’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 $79,426.40. Following the transaction, the insider owned 48,071 shares in the company, valued at approximately $2,362,689.65. This represents a 3.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rebecca Bottorff sold 2,713 shares of the firm’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 transaction of $133,343.95. Following the sale, the insider owned 10,704 shares of the company’s stock, valued at $526,101.60. This trade represents a 20.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,550 shares of company stock worth $1,154,782. 5.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in Bandwidth during the 2nd quarter worth approximately $70,000. Integrated Wealth Concepts LLC bought a new position in shares of Bandwidth in the 2nd quarter worth $94,000. Corient Private Wealth LP purchased a new stake in shares of Bandwidth during the 2nd quarter valued at $238,000. Hsbc Holdings PLC lifted its holdings in shares of Bandwidth by 8.3% during the 4th quarter. Hsbc Holdings PLC now owns 61,239 shares of the company’s stock worth $950,000 after acquiring an additional 4,686 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Bandwidth during the 1st quarter worth $184,000. Institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and communications services for businesses, software developers and service providers. Its platform enables organizations to integrate voice calling, text messaging and other communications capabilities into applications, websites and business workflows.

The company’s offerings include voice and messaging APIs, toll-free and local telephone numbers, emergency communications and 911 access, authentication and related communications tools.