Bandwidth (NASDAQ:BAND) Sets New 52-Week High – What’s Next?

Bandwidth Inc. (NASDAQ:BAND) hit a new 52-week high on Tuesday . The stock traded as high as $62.24 and last traded at $60.02, with a volume of 37400 shares traded. The stock had previously closed at $61.39.

Analyst Ratings Changes

BAND has been the topic of several analyst reports. Needham & Company LLC boosted their price objective on Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. B. Riley Financial boosted their price objective on Bandwidth from $20.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research note on Thursday, April 30th. Zacks Research raised Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bandwidth in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Bandwidth has a consensus rating of “Moderate Buy” and a consensus target price of $43.25.

Bandwidth Stock Performance

The stock has a market cap of $1.95 billion, a P/E ratio of -160.34 and a beta of 2.72. The business has a 50 day moving average price of $29.50 and a 200 day moving average price of $19.73. 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 (NASDAQ:BAND) last released its earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to analysts’ expectations of $201.58 million. Bandwidth had a positive return on equity of 1.47% and a negative net margin of 0.64%.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, sell-side analysts expect that Bandwidth Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, COO Devesh Agarwal sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $57.24, for a total value of $858,600.00. Following the completion of the sale, the chief operating officer owned 61,414 shares in the company, valued at approximately $3,515,337.36. The trade was a 19.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rebecca Bottorff sold 9,425 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $45.30, for a total value of $426,952.50. Following the completion of the sale, the insider owned 50,535 shares of the company’s stock, valued at $2,289,235.50. The trade was a 15.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 107,551 shares of company stock worth $4,183,156. Corporate insiders own 5.26% of the company’s stock.

Institutional Trading of Bandwidth

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Bandwidth by 9.9% in the first quarter. Empowered Funds LLC now owns 154,432 shares of the company’s stock valued at $2,752,000 after purchasing an additional 13,961 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Bandwidth by 248.2% in the first quarter. Quantinno Capital Management LP now owns 76,836 shares of the company’s stock valued at $1,369,000 after purchasing an additional 54,771 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Bandwidth by 4.2% in the first quarter. Renaissance Technologies LLC now owns 644,981 shares of the company’s stock valued at $11,494,000 after purchasing an additional 26,081 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bandwidth by 299.5% in 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, Walleye Capital LLC purchased a new stake in shares of Bandwidth in the first quarter valued at approximately $1,069,000. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Bandwidth Company Profile

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.