Analysts Set Bandwidth Inc. (NASDAQ:BAND) Target Price at $61.75

Shares of Bandwidth Inc. (NASDAQ:BAND) have been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $61.75.

A number of equities research analysts recently issued reports on BAND shares. Needham & Company LLC lifted their price target 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. Citizens Jmp upped their price objective on shares of Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 28th. Zacks Research lowered shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th.

Bandwidth Stock Up 6.3%

Bandwidth stock opened at $46.20 on Friday. The business’s 50-day moving average price is $60.68 and its 200 day moving average price is $36.29. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.87. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -159.31 and a beta of 2.96. Bandwidth has a 52 week low of $12.50 and a 52 week high of $79.08.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%.The company had revenue of $219.90 million during the quarter, compared to the consensus estimate of $217.62 million. 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. As a group, sell-side analysts anticipate that Bandwidth will post 0.58 earnings per share for the current year.

Insider Transactions at Bandwidth

In related news, COO Devesh Agarwal sold 15,000 shares of Bandwidth stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total transaction of $858,600.00. Following the transaction, the chief operating officer owned 61,414 shares in the company, valued at approximately $3,515,337.36. This trade represents a 19.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kade Ross sold 20,000 shares of Bandwidth stock in a transaction on 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 sale, the insider owned 43,894 shares in the company, valued at $2,263,174.64. This represents 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. In the last quarter, insiders sold 107,844 shares of company stock valued at $6,449,671. Company insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Bandwidth by 15.0% in the 2nd quarter. Rhumbline Advisers now owns 40,927 shares of the company’s stock valued at $651,000 after purchasing an additional 5,324 shares during the last quarter. Quantbot Technologies LP acquired a new position in Bandwidth during the second quarter worth $128,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Bandwidth by 26.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 373,153 shares of the company’s stock worth $5,933,000 after buying an additional 78,360 shares during the period. Invesco Ltd. boosted its position in shares of Bandwidth by 4.7% during the second quarter. Invesco Ltd. now owns 56,367 shares of the company’s stock worth $896,000 after buying an additional 2,532 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Bandwidth in the second quarter valued at $221,000. 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.