Bandwidth (NASDAQ:BAND) Trading 10.1% Higher – What’s Next?

Shares of Bandwidth Inc. (NASDAQ:BAND) shot up 10.1% on Monday . The stock traded as high as $43.10 and last traded at $43.1110. Approximately 360,462 shares changed hands during trading, a decline of 59% from the average daily volume of 876,651 shares. The stock had previously closed at $39.14.

Wall Street Analyst Weigh In

BAND has been the topic of a number of recent research reports. Zacks Research downgraded shares of Bandwidth from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 28th. Citigroup reiterated a “market outperform” rating on shares of Bandwidth in a research note on Monday, July 20th. Needham & Company LLC raised their target price on shares of Bandwidth from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Citizens Jmp lifted their target price on Bandwidth from $70.00 to $86.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bandwidth currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

Bandwidth Price Performance

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 has a 50-day simple moving average of $60.68 and a two-hundred day simple moving average of $36.29. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -159.31 and a beta of 2.96.

Bandwidth (NASDAQ:BAND) last posted its 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 for the quarter, compared to analysts’ expectations of $217.62 million. Bandwidth’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. On average, equities research analysts predict that Bandwidth Inc. will post 0.58 earnings per share for the current year.

Insider Transactions at Bandwidth

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 29,214 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $72.03, for a total value of $2,104,284.42. Following the completion of the transaction, the general counsel owned 3,000 shares in the company, valued at approximately $216,090. This represents a 90.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rebecca Bottorff sold 2,176 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $58.85, for a total transaction of $128,057.60. Following the completion of the sale, the insider owned 5,620 shares in the company, valued at $330,737. The trade was a 27.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 107,844 shares of company stock worth $6,449,671 over the last 90 days. Corporate insiders own 5.26% of the company’s stock.

Hedge Funds Weigh In On Bandwidth

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Bandwidth by 183.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,776 shares of the company’s stock valued at $60,000 after acquiring an additional 2,445 shares during the period. Raymond James Financial Inc. bought a new position in shares of Bandwidth in the second quarter worth $85,000. Quantbot Technologies LP bought a new position in shares of Bandwidth in the second quarter worth $128,000. State of Wyoming grew its stake in shares of Bandwidth by 104.6% in the fourth quarter. State of Wyoming now owns 8,756 shares of the company’s stock worth $135,000 after purchasing an additional 4,476 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Bandwidth by 35.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,143 shares of the company’s stock valued at $157,000 after purchasing an additional 2,634 shares during the period. 68.53% of the stock is owned by institutional investors.

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.