Bandwidth (NASDAQ:BAND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bandwidth (NASDAQ:BAND) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Weiss Ratings raised shares of Bandwidth from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, October 9th. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Morgan Stanley initiated coverage on shares of Bandwidth in a report on Friday. They issued an “equal weight” rating and a $56.00 price target for the company. Piper Sandler boosted their price target on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Bank of America started coverage on shares of Bandwidth in a report on Wednesday, September 16th. They issued a “neutral” rating and a $60.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.29.

Bandwidth Stock Up 0.4%

BAND stock opened at $43.50 on Friday. 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 capitalization of $1.40 billion, a PE ratio of 270.88, a PEG ratio of 3.78 and a beta of 3.01. Bandwidth has a twelve month low of $12.50 and a twelve month high of $79.08. The stock has a 50-day simple moving average of $52.35 and a two-hundred day simple moving average of $50.50.

Bandwidth (NASDAQ:BAND) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a return on equity of 1.85% and a net margin of 0.27%. The firm had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $217.62 million. 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. On average, equities analysts predict that Bandwidth will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David A. Morken sold 5,128 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $252,041.20. Following the sale, the chief executive officer owned 6,702 shares in the company, valued at approximately $329,403.30. This trade represents a 43.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Devesh Agarwal sold 4,869 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.15, for a total transaction of $239,311.35. Following the sale, the chief operating officer owned 79,138 shares in the company, valued at approximately $3,889,632.70. This trade represents a 5.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,050 shares of company stock worth $1,228,342. 5.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Waterhouse Canada Inc. bought a new stake in Bandwidth during the second quarter worth about $70,000. State of Alaska Department of Revenue boosted its holdings in shares of Bandwidth by 43.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,262 shares of the company’s stock worth $76,000 after purchasing an additional 380 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Bandwidth during the 2nd quarter valued at about $94,000. Diversified Trust Co bought a new position in shares of Bandwidth during the 1st quarter valued at about $184,000. Finally, IMC Chicago LLC bought a new position in shares of Bandwidth during the 1st quarter valued at about $218,000. 68.53% of the stock is currently owned by hedge funds and other institutional investors.

About Bandwidth

Bandwidth Inc is a cloud communications company that provides application programming interfaces (APIs) and related services for businesses to build voice, messaging and emergency communications into their software and applications. Its platform is designed for enterprises, communications service providers and technology companies that need programmable communications capabilities.

The company’s offerings include voice calling, text messaging, toll-free and local phone numbers, authentication messaging, and 911 emergency services.