Canaccord Genuity started coverage on shares of Bandwidth (NASDAQ:BAND) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

Several other equities research analysts also recently commented on BAND. Robert W. Baird initiated coverage on Bandwidth in a report on Tuesday. They issued an “outperform” rating and a $28.00 price objective for the company. KeyCorp started coverage on Bandwidth in a report on Tuesday. They issued an “overweight” rating for the company. Finally, JMP Securities started coverage on Bandwidth in a research note on Tuesday. They set an “outperform” rating for the company. Five analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Shares of Bandwidth (NASDAQ BAND) opened at $22.37 on Tuesday. Bandwidth has a twelve month low of $18.05 and a twelve month high of $23.82.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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About Bandwidth

Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.

The Fly

Analyst Recommendations for Bandwidth (NASDAQ:BAND)

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